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Full Release Of All Claims With Indemnity for Indonesia

Full Release Of All Claims With Indemnity Template for Indonesia

A comprehensive legal document governed by Indonesian law that provides for a complete release of all claims, known and unknown, between parties while incorporating indemnification provisions. The document follows Indonesian Civil Code requirements and includes specific provisions for the release of current and future claims, coupled with indemnification obligations that protect the released parties from future liability. It typically includes detailed consideration provisions, representations and warranties, and specific Indonesian law compliance requirements, making it suitable for complex dispute resolutions and settlements in various commercial contexts.

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Full Release Of All Claims With Indemnity

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What is a Full Release Of All Claims With Indemnity?

The Full Release Of All Claims With Indemnity is a critical legal instrument used in Indonesian business and legal practice when parties seek to achieve a complete and final resolution of all existing and potential future disputes. This document type is particularly valuable in situations involving complex commercial relationships, employment separations, or settlement of significant disputes where parties need absolute certainty that no future claims will arise. Under Indonesian law, particularly the Civil Code (KUHPerdata), such releases must be carefully drafted to ensure enforceability and comprehensive coverage. The document combines two powerful legal concepts: a complete release of all claims and an indemnification provision, providing maximum protection for the released parties. It's commonly used in corporate restructuring, major commercial settlements, employment terminations, and risk management scenarios where finality and comprehensive protection are essential.

What sections should be included in a Full Release Of All Claims With Indemnity?

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the dispute or claims being released, including relevant dates and events

3. Definitions: Definitions of key terms used throughout the agreement, including 'Claims', 'Released Parties', and 'Indemnified Matters'

4. Consideration: Details of the consideration being provided in exchange for the release and indemnity

5. Release Provisions: Comprehensive description of all claims being released, including present and future claims

6. Indemnification: Specific indemnification obligations, including scope and procedures

7. Representations and Warranties: Statements by the releasing party regarding authority, ownership of claims, and understanding of the agreement

8. Non-Admission of Liability: Statement that the agreement does not constitute admission of liability by any party

9. Confidentiality: Obligations regarding confidentiality of the agreement and its terms

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

11. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

12. Execution: Signature blocks and execution requirements

What sections are optional to include in a Full Release Of All Claims With Indemnity?

1. Non-Disparagement: Mutual or unilateral obligations not to make negative statements about other parties, included when reputation protection is important

2. Return of Property: Provisions regarding return of documents or property, included when physical or intellectual property needs to be returned

3. Cooperation: Obligations to cooperate in related matters or proceedings, included when ongoing cooperation is needed

4. Tax Implications: Provisions addressing tax consequences, included when significant monetary consideration is involved

5. Insurance Rights: Preservation or waiver of insurance rights, included when insurance claims are relevant

6. Future Claims Carve-Out: Exceptions to the release for specific future claims, included when certain claims need to be preserved

7. Regulatory Compliance: Specific provisions for regulatory compliance, included when regulated industries are involved

What schedules should be included in a Full Release Of All Claims With Indemnity?

1. Schedule A - Released Claims: Detailed list of specific claims being released

2. Schedule B - Released Parties: Comprehensive list of all parties being released, including affiliated entities

3. Schedule C - Settlement Payment Details: Details of any settlement payments, including payment schedule and method

4. Schedule D - Existing Proceedings: List of any existing legal proceedings covered by the release

5. Appendix 1 - Form of Notice of Discontinuance: Template for discontinuing any existing legal proceedings

6. Appendix 2 - Required Regulatory Notices: Forms or notices required by relevant regulatory bodies

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions



































Clauses



































Relevant Industries

Financial Services

Manufacturing

Construction

Insurance

Real Estate

Healthcare

Technology

Mining

Energy

Retail

Transportation

Professional Services

Education

Telecommunications

Agriculture

Relevant Teams

Legal

Risk Management

Compliance

Human Resources

Finance

Corporate Affairs

Operations

Executive Leadership

Insurance

Dispute Resolution

Relevant Roles

General Counsel

Legal Director

Corporate Secretary

Risk Manager

Chief Legal Officer

Chief Executive Officer

Human Resources Director

Compliance Officer

Chief Financial Officer

Legal Manager

Settlement Officer

Claims Manager

Corporate Lawyer

Business Development Director

Operations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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