The Assignment and Assumption Agreement is a crucial legal instrument in Indonesian business transactions, used when one party needs to transfer its contractual rights and obligations to another entity. This document is particularly relevant in corporate restructurings, asset sales, project finance transactions, and general commercial arrangements under Indonesian law. It must comply with the Indonesian Civil Code (KUHPer) requirements for valid assignments, including proper documentation, notification, and in some cases, counterparty consent. The agreement typically includes detailed provisions about the assigned rights and obligations, representations and warranties, and specific Indonesian law compliance requirements. It's commonly used in situations involving company acquisitions, debt assignments, project transfers, or when businesses need to reorganize their contractual relationships.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Assignor, Assignee, and any other relevant parties (such as the original contract counterparty if consent is required)
2. Background: Context of the original agreement/rights being assigned and the reason for the assignment
3. Definitions: Key terms used throughout the agreement, including 'Assigned Rights', 'Effective Date', 'Original Agreement', etc.
4. Assignment and Assumption: Core provision detailing the rights and obligations being assigned and assumed
5. Consideration: Details of any payment or other consideration for the assignment
6. Effective Date: When the assignment becomes effective
7. Representations and Warranties: Standard representations from both assignor and assignee about their capacity and authority
8. Assignor's Continuing Obligations: Any obligations that remain with the assignor post-assignment
9. Further Assurance: Obligation to execute additional documents if needed to effect the assignment
10. Governing Law: Specification of Indonesian law as governing law
11. Dispute Resolution: Mechanism for resolving disputes under Indonesian law
1. Consent: Required if the original agreement requires counterparty consent for assignment
2. Security Arrangements: Include if any security is being provided for assigned obligations
3. Tax Provisions: Include specific tax provisions if the assignment has significant tax implications
4. Regulatory Compliance: Include if the assignment requires specific regulatory approvals or notifications
5. Intellectual Property: Include if the assignment involves transfer of IP rights
6. Confidentiality: Include if sensitive information is involved in the assignment
7. Third Party Rights: Include if third parties have rights under the original agreement that need addressing
1. Schedule 1 - Original Agreement: Copy or details of the agreement being assigned
2. Schedule 2 - Assigned Rights and Obligations: Detailed list of specific rights and obligations being transferred
3. Schedule 3 - Completion Requirements: List of actions required to complete the assignment
4. Schedule 4 - Form of Notice: Template for notifying relevant parties of the assignment
5. Schedule 5 - Required Consents: List of required third-party consents and their status
6. Appendix A - Powers of Attorney: If required for executing additional documents or providing notices
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Infrastructure
Manufacturing
Energy and Resources
Technology
Telecommunications
Healthcare
Retail and Consumer Goods
Transportation and Logistics
Agriculture
Construction
Relevant Teams
Legal
Finance
Compliance
Risk Management
Corporate Secretariat
Business Development
Operations
Commercial
Treasury
Project Management
Investment
Relevant Roles
Legal Counsel
Contract Manager
Corporate Secretary
Chief Legal Officer
Business Development Manager
Chief Financial Officer
Risk Manager
Compliance Officer
Project Manager
Operations Director
Commercial Director
Transaction Manager
Asset Manager
Investment Manager
Find the exact document you need
Equipment Assignment Form
An Indonesian law-compliant document that formalizes the assignment of company equipment to employees, outlining usage terms and responsibilities.
Download
Real Estate Assignment Contract
An Indonesian law-governed agreement for transferring real estate rights between parties, including necessary provisions for property registration and transfer.
Download
Assignment Of Rights And Obligations Under A Contract
An Indonesian law-governed agreement for transferring contractual rights and obligations from one party to another, complying with the Indonesian Civil Code and relevant regulations.
Download
Assignment Letter Contract
An Indonesian-law governed document formalizing an employee's reassignment to a new role or location, specifying terms and conditions in compliance with local labor laws.
Download
Assignment And Agreement Form (Insurance)
An Indonesian law-compliant document that formalizes the transfer of insurance policy rights and benefits from one party to another, meeting OJK regulatory requirements.
Download
Assignment Of Purchase And Sale Agreement Form
An Indonesian law-governed document that transfers rights and obligations under an existing Purchase and Sale Agreement from an original buyer to a new buyer.
Download
Assignment Of License Agreement
An Indonesian law-governed agreement transferring license rights from one party to another, ensuring compliance with local IP regulations and registration requirements.
Download
Assignment Of Intellectual Property Rights
An Indonesian law-governed agreement for transferring intellectual property rights between parties, ensuring compliance with local IP regulations and registration requirements.
Download
Invention Assignment Agreement
An Indonesian law-governed agreement for transferring invention rights from inventors to their employers, ensuring compliance with local patent and IP regulations.
Download
Debt Assumption Agreement
An Indonesian law-governed agreement facilitating the transfer of debt obligations from an Original Debtor to an Assuming Party, with Creditor consent.
Download
Assignment Of Security Agreement
A legal document under Indonesian law that transfers security interests from one party to another, including associated rights and obligations.
Download
Assignment Of Debt Agreement
An Indonesian law-governed agreement for the transfer of debt rights and obligations from an Assignor to an Assignee, compliant with the Indonesian Civil Code.
Download
Assignment And Assumption Of Contract
An Indonesian law-governed agreement transferring contractual rights and obligations from an Assignor to an Assignee, complying with the Indonesian Civil Code requirements.
Download
Assignment Of Lease To New Owner
An Indonesian law-compliant agreement transferring lease rights and obligations from an existing tenant to a new owner, including necessary consents and regulatory requirements.
Download
Assignment Assumption And Amendment Agreement
An Indonesian law-governed agreement that combines the assignment of contractual rights and obligations, their assumption by a new party, and amendments to the original agreement terms.
Download
Assignment Of Lease By Landlord
An Indonesian law-governed document transferring a landlord's lease rights and obligations to a new landlord, ensuring compliance with local property regulations and registration requirements.
Download
Assignment Of Lease From Seller To Buyer
An Indonesian law-compliant agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent and necessary legal provisions.
Download
Assignment Of Receivables Agreement
An Indonesian law-governed agreement for the transfer of receivables from an Assignor to an Assignee, including all necessary provisions for a valid and enforceable assignment under Indonesian law.
Download
Assignment Employment Contract
An Indonesian law-compliant employment contract for temporary or project-based assignments, establishing terms and conditions for fixed-term employment relationships.
Download
Assignment Of Purchase Agreement
An Indonesian law-governed agreement transferring rights and obligations under a purchase agreement from an original buyer to a new buyer.
Download
Assignment Of Inventions Agreement
An Indonesian law-governed agreement for transferring invention rights from inventors to assignees, ensuring compliance with local patent and IP regulations.
Download
Assignment And Novation Agreement
An Indonesian law-governed agreement that transfers contractual rights and obligations from one party to another, with counterparty consent.
Download
Debt Transfer Agreement
An Indonesian law-governed agreement facilitating the transfer of debt obligations from one creditor to another, ensuring legal compliance and protection for all parties.
Download
Transfer Of Copyright Agreement
An Indonesian law-governed agreement for transferring copyright ownership, compliant with Law No. 28 of 2014 on Copyright.
Download
Assignment Of Claim Agreement
An Indonesian law-governed agreement for transferring rights to a claim from one party to another, ensuring compliance with local regulatory requirements and proper documentation of the assignment.
Download
Assignment And Transfer Agreement
An Indonesian law-governed agreement facilitating the formal transfer of rights, obligations, or assets between parties, drafted in compliance with local legal requirements.
Download
Assignment Of Proceeds Agreement
An Indonesian law-governed agreement for the assignment of payment rights or proceeds from one party to another, incorporating local legal requirements and enforcement mechanisms.
Download
Assignment And Assumption Agreement
An Indonesian law-governed agreement facilitating the transfer of contractual rights and obligations from an assignor to an assignee, with comprehensive terms ensuring legal compliance.
Download
Accounts Receivable Assignment Agreement
An Indonesian law-governed agreement for the transfer of accounts receivable from one party to another, including payment terms and compliance requirements.
Download
Lease Assignment Agreement
An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord consent.
Download
Copyright Transfer Agreement
An agreement for transferring copyright ownership between parties under Indonesian law, compliant with Law No. 28 of 2014 on Copyright.
Download
Assumption Agreement
An Indonesian law-governed agreement transferring contractual obligations from one party to another, with the counterparty's consent.
Download
Assignment Contract (Real Estate)
An Indonesian law-governed contract facilitating the transfer of real estate property rights from an Assignor to an Assignee, compliant with local property regulations and registration requirements.
Download
Receivables Transfer Agreement
An agreement governing the transfer of receivables between parties under Indonesian law, including transfer terms, pricing, and compliance requirements.
Download
Loan Assignment Agreement
An agreement governed by Indonesian law that transfers loan rights and obligations from one lender to another, complying with local cessie regulations and OJK requirements.
Download
Lease Transfer Agreement
An Indonesian law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Lease Assumption Agreement
An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Lease Assignment And Assumption Agreement
An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord consent.
Download
Debt Novation Agreement
An Indonesian law-governed agreement that replaces an existing debt obligation with a new one, complying with the Indonesian Civil Code provisions on novation.
Download
Contract Assignment Agreement
An Indonesian law-governed agreement facilitating the transfer of contractual rights and obligations from an Assignor to an Assignee, compliant with the Indonesian Civil Code.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)