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Partnership Agreement Between Company And Individual for Indonesia

Partnership Agreement Between Company And Individual Template for Indonesia

A comprehensive legal agreement governed by Indonesian law that establishes and regulates a partnership between a registered company and an individual. This document outlines the terms and conditions of the partnership, including capital contributions, profit-sharing arrangements, management responsibilities, and operational procedures. It ensures compliance with Indonesian business regulations, particularly the Civil Code (KUH Perdata) and Company Law, while protecting both parties' interests through clear definitions of rights, obligations, and dispute resolution mechanisms. The agreement includes provisions for partnership governance, intellectual property rights, confidentiality, and termination conditions.

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What is a Partnership Agreement Between Company And Individual?

The Partnership Agreement Between Company And Individual is essential for businesses in Indonesia looking to formalize collaborations with individual professionals, entrepreneurs, or experts. This document is commonly used when a company wishes to establish a structured business relationship with an individual partner while maintaining clear separation from employment relationships. It addresses key aspects required under Indonesian law, including partnership structure, capital contributions, profit-sharing mechanisms, and management rights. The agreement is particularly relevant in scenarios where companies seek to leverage individual expertise or resources while sharing risks and rewards. It must comply with Indonesian Civil Code requirements, Company Law, and relevant business regulations, making it suitable for various business ventures from technology partnerships to professional service arrangements.

What sections should be included in a Partnership Agreement Between Company And Individual?

1. Parties: Identifies and provides full details of the company and individual entering into the partnership

2. Background: Explains the context and purpose of the partnership, including the business objectives

3. Definitions: Defines key terms used throughout the agreement

4. Partnership Structure: Details the nature of the partnership, roles, and responsibilities of each party

5. Capital Contributions: Specifies initial and ongoing capital contributions from each party

6. Profit and Loss Sharing: Defines how profits and losses will be distributed between parties

7. Management and Control: Outlines decision-making processes and management responsibilities

8. Rights and Obligations: Lists specific rights and duties of each partner

9. Intellectual Property: Addresses ownership and usage of intellectual property in the partnership

10. Confidentiality: Defines confidential information and protection obligations

11. Term and Termination: Specifies duration of partnership and conditions for termination

12. Dispute Resolution: Outlines process for resolving disagreements between partners

13. Governing Law: Confirms Indonesian law as governing law and jurisdiction

14. General Provisions: Includes standard legal provisions like notices, amendments, and severability

What sections are optional to include in a Partnership Agreement Between Company And Individual?

1. Non-Compete: Restricts partners from engaging in competing businesses - include when protecting market position is crucial

2. Insurance: Specifies required insurance coverage - include when significant assets or risks are involved

3. International Operations: Addresses cross-border activities - include for partnerships with international scope

4. Force Majeure: Defines circumstances excusing performance - include when operations susceptible to external disruptions

5. Assignment Rights: Specifies if and how partnership rights can be transferred - include when transfer possibilities need to be addressed

6. Exit Strategy: Details procedures for partner withdrawal or buyout - include when long-term partnership anticipated

7. Environmental Compliance: Addresses environmental responsibilities - include for businesses with environmental impact

What schedules should be included in a Partnership Agreement Between Company And Individual?

1. Business Plan: Detailed business plan including objectives, strategies, and financial projections

2. Capital Contribution Schedule: Itemized list of initial and planned future capital contributions

3. Asset Register: List of assets contributed to or owned by the partnership

4. Profit Distribution Formula: Detailed calculations and timing for profit/loss distribution

5. Management Structure: Detailed organizational structure and decision-making procedures

6. KPIs and Targets: Specific performance indicators and business targets

7. Intellectual Property Register: List of IP rights owned or used by the partnership

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

Technology and Software Development

Professional Services

Consulting

Manufacturing

Retail and Distribution

Agriculture

Creative Industries

Education and Training

Healthcare Services

Real Estate

Food and Beverage

Tourism and Hospitality

Financial Services

Environmental Services

Relevant Teams

Legal

Corporate Affairs

Business Development

Finance

Operations

Compliance

Risk Management

Strategy

Commercial

Partnerships

Investment

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Business Development Manager

Partnership Manager

Chief Financial Officer

Operations Director

Project Manager

Compliance Officer

Risk Manager

Strategy Director

Commercial Director

Investment Manager

Corporate Secretary

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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