An Exit Agreement is a crucial document used when employment relationship termination occurs by mutual consent under Indonesian law. This document is particularly important given Indonesia's complex labor regulations and statutory requirements for employment termination. The agreement should be used when both parties have reached an amicable decision to end the employment relationship and wish to document the terms of separation formally. It includes mandatory elements required by Indonesian Labor Law, such as statutory severance calculations, treatment of outstanding benefits, and social security arrangements. The Exit Agreement serves multiple purposes: it provides legal certainty for both parties, ensures compliance with local regulations, documents the agreed financial settlement, and addresses post-employment obligations such as confidentiality and property return. This document type is particularly relevant in scenarios involving voluntary resignations, mutual separation programs, or negotiated exits, especially when additional terms beyond statutory requirements are being offered.
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 employer entity and the departing employee/executive
2. Background: Context of the employment relationship and reason for the exit agreement
3. Definitions: Key terms used throughout the agreement including Effective Date, Termination Date, Confidential Information
4. Mutual Agreement to Terminate: Statement of mutual consent to terminate the employment relationship
5. Effective Date and Last Working Day: Specification of the termination date and final working day arrangements
6. Financial Settlement: Details of all payments including statutory severance, long service pay, and other compensation as per Indonesian Labor Law
7. Company Property: Requirements for return of company assets, equipment, and documents
8. Confidentiality Obligations: Ongoing obligations regarding confidential information and trade secrets
9. Release and Waiver: Mutual release of claims and legal rights, subject to Indonesian law restrictions
10. Tax and Social Security: Treatment of tax obligations and BPJS (social security) arrangements
11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
12. Entire Agreement: Confirmation that this agreement supersedes all previous agreements regarding the termination
1. Non-Compete and Non-Solicitation: Restrictions on future employment and client/employee solicitation - optional based on employee seniority and access to sensitive information
2. Reference and Announcements: Agreed approach to employment references and public/internal communications about the departure
3. Continuing Cooperation: Requirements for assistance with handover and future inquiries - typically for senior positions
4. Share Options/Equity Arrangements: Treatment of any share options or equity - required only if employee has such arrangements
5. Outstanding Leave Conversion: Conversion of unused leave into payment - optional if already covered in Financial Settlement
6. Medical Benefits Extension: Any post-employment medical coverage - optional benefit sometimes offered to long-serving employees
7. Legal Fees: Agreement on payment of legal fees for agreement review - typically for senior executives
1. Schedule 1 - Calculation of Payments: Detailed breakdown of all payment components including statutory and discretionary amounts
2. Schedule 2 - Company Property Checklist: List of all company property to be returned
3. Schedule 3 - Benefits Summary: Summary of benefits and their treatment post-termination
4. Appendix A - Resignation Letter: Standard form resignation letter to be signed by employee
5. Appendix B - Release Form: Detailed release form in compliance with Indonesian law requirements
6. Appendix C - Handover Plan: Detailed plan for handover of responsibilities and ongoing projects
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Technology
Manufacturing
Mining and Resources
Professional Services
Retail and Consumer Goods
Healthcare
Education
Telecommunications
Construction and Real Estate
Energy
Transportation and Logistics
Hospitality and Tourism
Media and Entertainment
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Research and Development
Production
Customer Service
Administration
Compliance
Risk Management
Project Management Office
Corporate Communications
Relevant Roles
Chief Executive Officer
Managing Director
Chief Financial Officer
Department Head
Senior Manager
Project Manager
Technical Lead
Senior Engineer
Sales Director
Operations Manager
Human Resources Manager
Marketing Manager
Financial Controller
Regional Manager
Account Manager
Software Developer
Administrative Officer
Customer Service Representative
Production Supervisor
Research Analyst
Find the exact document you need
Contract Early Termination
Template for contract early termination under Indonesian law, including essential legal provisions and settlement procedures.
Download
Terminate My Contract
An Indonesian law-compliant contract termination notice outlining employment termination terms, settlements, and obligations.
Download
Suspension Of Contract
An Indonesian law-governed agreement that temporarily suspends contractual obligations while maintaining the underlying contract's validity.
Download
Cessation Of Contract
An Indonesian law-compliant agreement that formally terminates an existing contract between parties, ensuring legal protection and clarity in the cessation process.
Download
Cancellation Of Sale Agreement Of Property
An Indonesian law-governed agreement that formally terminates a property sale agreement and outlines terms for unwinding the transaction.
Download
Fixed Term Contract Early Termination
Template for early termination of fixed-term employment contracts under Indonesian law, ensuring compliance with local labor regulations and statutory requirements.
Download
Contract Termination Date
A formal contract termination notice compliant with Indonesian law, specifying termination details and post-termination obligations.
Download
Employee Termination Agreement And Release
An Indonesian law-compliant agreement documenting employment termination terms, severance payments, and mutual releases between employer and employee.
Download
Terminate Contract With Immediate Effect
An Indonesian law-compliant document for immediate contract termination, including termination grounds, settlement terms, and legal requirements.
Download
Rent Cancellation Agreement
An Indonesian law-governed agreement that formally terminates a lease between landlord and tenant, addressing termination terms, settlements, and mutual releases.
Download
End Of Apprenticeship Contract
An Indonesian law-compliant agreement that formally documents the successful completion of an apprenticeship program and settles all related obligations between employer and apprentice.
Download
End Of Lease Contract
An Indonesian law-compliant agreement that formally terminates a lease between landlord and tenant, settling all property and financial matters.
Download
Ending A Fixed Term Lease Early
An agreement for early termination of a fixed-term lease under Indonesian law, establishing mutual release of obligations and settlement terms.
Download
Business Contract Termination Letter
An Indonesian law-compliant formal letter that officially terminates a business contract, including termination details and remaining obligations under Indonesian jurisdiction.
Download
End Of Lease Form
An Indonesian legal document formalizing lease termination between landlord and tenant, ensuring compliance with local property laws and regulations.
Download
Surrender Of Tenancy Agreement
An Indonesian law-compliant agreement documenting the mutual termination of a lease between landlord and tenant, outlining surrender terms and final settlements.
Download
Assignment Of Lease Agreement
An Indonesian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Termination Of Contract Of Employment
An Indonesian law-compliant agreement that formally documents the termination of employment relationship, including all mandatory settlements and obligations.
Download
Termination Of Tenancy Agreement
An Indonesian law-governed agreement that formally terminates a lease between landlord and tenant, outlining termination terms and settlement procedures.
Download
Termination Agreement
An Indonesian law-governed agreement that documents the mutual termination of employment, including settlement terms and releases.
Download
End Of Lease Agreement
An Indonesian law-governed agreement that formally terminates a lease arrangement between parties, addressing property handover and final settlements.
Download
Termination Without Cause Commercial Contract
Template for terminating commercial contracts without cause under Indonesian law, ensuring compliance with local regulations while protecting parties' interests.
Download
Termination Of Rental Agreement Letter By Landlord
An Indonesian law-compliant formal notice from landlord to tenant terminating a rental agreement, outlining termination terms and requirements.
Download
Termination Of Lease Letter
An Indonesian law-compliant formal notice document used to officially terminate a lease agreement between landlord and tenant, including termination terms and handover arrangements.
Download
Termination Of Development Agreement
An Indonesian law-governed agreement that terminates an existing development contract and settles all related obligations between the parties.
Download
Termination Letter Distribution Agreement
A formal notice under Indonesian law to terminate a Distribution Agreement, specifying termination terms and post-termination obligations.
Download
Service Contract Termination
An Indonesian law-compliant document for formally terminating service contracts, ensuring proper closure of service relationships and settlement of obligations.
Download
Not Renewing Lease Letter
An Indonesian law-compliant formal notice to a tenant indicating that their lease agreement will not be renewed upon expiration.
Download
Mutual Agreement Termination Of Employment Letter
An Indonesian law-compliant document that formalizes the mutual agreement between employer and employee to terminate employment, including terms and settlements.
Download
House Contract Termination Letter
A formal notice under Indonesian law to terminate a residential property rental agreement, complying with the Indonesian Civil Code and housing regulations.
Download
End Of Tenancy Agreement Letter
An Indonesian legal document formalizing the termination of a rental agreement between landlord and tenant, compliant with Indonesian Civil Code requirements.
Download
Vendor Termination Letter
An Indonesian law-compliant formal letter used to terminate a vendor or supplier relationship, specifying termination terms and closing obligations.
Download
Termination Of Agency Agreement
An Indonesian law-governed agreement that formally terminates a commercial agency relationship, settling all rights and obligations between principal and agent.
Download
Termination Of Lease Letter To Tenant
A formal notice compliant with Indonesian law that informs a tenant of the termination of their lease agreement and outlines the termination process.
Download
Mutual Consent Contract
An Indonesian law-governed agreement documenting mutual consent between parties, structured under the Indonesian Civil Code (KUHPer).
Download
Lease Break Agreement
An Indonesian law-governed agreement documenting the mutual consent to terminate a lease agreement before its original expiration date.
Download
End Of Fixed Term Contract
An Indonesian law-compliant document formalizing the conclusion of a fixed-term employment contract, including final settlements and mutual releases.
Download
End Of Contract Letter To Client
An Indonesian law-compliant formal letter marking the conclusion of a contract between a service provider and client, documenting completed obligations and final arrangements.
Download
Early Termination Of Tenancy Agreement Letter
An Indonesian legal document for formally notifying early termination of a lease agreement, governed by Indonesian Civil Code and housing regulations.
Download
Cancellation Agreement
An Indonesian law-governed agreement that formally terminates an existing contract and settles all related obligations between parties.
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)