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1. Parties: Identification of all partnership parties involved in the termination agreement, including their full legal names, addresses, and registration details
2. Background: Brief history of the partnership, reference to original partnership agreement, and reasons for termination
3. Definitions: Definitions of key terms used throughout the agreement
4. Effective Date of Termination: Specific date when the partnership will officially terminate
5. Mutual Agreement to Terminate: Express statement of parties' agreement to terminate the partnership
6. Final Accounting: Provisions for final accounting of partnership assets, liabilities, and accounts
7. Asset Distribution: Terms and process for distribution of partnership assets among partners
8. Settlement of Liabilities: Provisions for handling outstanding debts, liabilities, and obligations
9. Mutual Release: Release of claims and obligations between partners post-termination
10. Confidentiality: Ongoing obligations regarding confidential information
11. Representations and Warranties: Partners' assertions about their authority, asset ownership, and absence of undisclosed liabilities
12. Governing Law: Specification of Indonesian law as governing law and jurisdiction
13. Dispute Resolution: Process for resolving any disputes arising from the termination
14. General Provisions: Standard clauses including notices, amendments, and severability
15. Execution: Signature blocks and execution requirements
1. Intellectual Property Rights: Distribution and ownership of IP rights post-termination, used when the partnership involved significant IP assets
2. Employee Matters: Handling of employees and employment contracts, included when the partnership has employees
3. Ongoing Projects: Provisions for completing or transferring ongoing projects, needed when there are unfinished business matters
4. Non-Compete Provisions: Restrictions on future competitive activities, included when partners agree to post-termination competition limitations
5. Tax Matters: Specific tax considerations and allocations, needed when there are significant tax implications
6. Insurance: Handling of insurance policies and claims, included when there are active insurance matters
7. Client/Customer Transition: Process for transitioning clients or customers, needed when client relationships need to be allocated
8. Public Announcements: Protocol for announcing the termination, included for partnerships with public presence
1. Schedule A - Asset Inventory: Detailed list of all partnership assets and their agreed values
2. Schedule B - Liability List: Comprehensive list of all partnership liabilities and obligations
3. Schedule C - Distribution Plan: Detailed plan for distribution of assets and liabilities among partners
4. Schedule D - Outstanding Contracts: List of all contracts and their disposition post-termination
5. Schedule E - Intellectual Property: Inventory of all IP assets and their allocation
6. Schedule F - Bank Accounts: List of all partnership bank accounts and their handling
7. Appendix 1 - Original Partnership Agreement: Copy of the original partnership agreement being terminated
8. Appendix 2 - Final Financial Statements: Final partnership financial statements and accounts
Manufacturing
Retail
Technology
Professional Services
Construction
Real Estate
Agriculture
Mining
Transportation
Hospitality
Healthcare
Education
Financial Services
Media and Entertainment
Energy
Trading and Distribution
Legal
Finance
Executive Leadership
Corporate Secretariat
Compliance
Risk Management
Business Development
Operations
Administrative Support
Asset Management
Chief Executive Officer
Managing Director
Business Owner
Partner
Chief Financial Officer
Legal Counsel
Corporate Secretary
Business Development Manager
Operations Director
Finance Director
Compliance Officer
Risk Manager
Company Director
General Manager
Partnership Manager
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