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Real Estate NDA Agreement for Indonesia

Real Estate NDA Agreement Template for Indonesia

This document is a specialized non-disclosure agreement tailored for real estate transactions in Indonesia, governed by Indonesian law including the Civil Code (KUH Perdata) and relevant property regulations. It provides a comprehensive framework for protecting confidential information exchanged during real estate transactions, due diligence processes, and property negotiations. The agreement incorporates specific provisions addressing Indonesian property laws, foreign investment restrictions, and local real estate practices while ensuring robust protection of sensitive business and property information.

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What is a Real Estate NDA Agreement?

The Real Estate NDA Agreement is essential for protecting confidential information in Indonesian property transactions. It is typically used when parties need to exchange sensitive information during property negotiations, due diligence, or development planning. The document ensures compliance with Indonesian confidentiality laws while addressing specific requirements of the real estate sector, including property valuations, development plans, and financial information. This agreement is particularly important given Indonesia's unique property ownership regulations and foreign investment restrictions. It should be used before sharing any sensitive property-related information, whether for potential purchases, joint ventures, or development projects.

What sections should be included in a Real Estate NDA Agreement?

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and company registration details if applicable

2. Background: Context of the agreement, including the nature of the real estate transaction or relationship being contemplated

3. Definitions: Definitions of key terms including 'Confidential Information', 'Property', 'Permitted Purpose', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the real estate context, including property details, financial information, and business strategies

5. Permitted Use: Specific purposes for which the confidential information may be used, including evaluation of property, due diligence, or transaction planning

6. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information

7. Security Measures: Required measures to protect confidential information, including physical and digital security requirements

8. Return or Destruction of Information: Obligations regarding the handling of confidential information after the agreement ends or upon request

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

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

What sections are optional to include in a Real Estate NDA Agreement?

1. Broker/Agent Provisions: Additional provisions when real estate brokers or agents are involved in the transaction

2. Multiple Properties: Additional provisions for cases involving multiple properties or development projects

3. Foreign Investment Provisions: Specific provisions when foreign investors are involved, addressing Indonesian foreign investment restrictions

4. Digital Information Handling: Specific provisions for handling digital property information and virtual data rooms

5. Permitted Disclosures to Professional Advisors: Provisions allowing disclosure to specific professional advisors while maintaining confidentiality

6. Non-Solicitation: Provisions preventing solicitation of employees or clients, if relevant to the real estate context

7. Publicity Restrictions: Specific restrictions on public announcements or marketing of the property during negotiations

What schedules should be included in a Real Estate NDA Agreement?

1. Schedule 1 - Property Details: Detailed description of the relevant property or properties, including legal descriptions and certificates

2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may access confidential information

3. Schedule 3 - Specific Confidential Materials: Itemized list of specific confidential documents and materials covered by the agreement

4. Appendix A - Security Protocols: Detailed security procedures and requirements for handling confidential information

5. Appendix B - Permitted Purpose Details: Detailed description of the permitted activities and purposes for using the confidential information

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

Real Estate

Property Development

Construction

Investment Management

Property Management

Commercial Property

Residential Property

Industrial Property

Hospitality

Infrastructure Development

Relevant Teams

Legal

Real Estate Operations

Investment

Business Development

Compliance

Due Diligence

Property Management

Acquisitions

Asset Management

Risk Management

Relevant Roles

Real Estate Director

Property Manager

Investment Manager

Legal Counsel

Business Development Manager

Property Developer

Real Estate Broker

Acquisitions Manager

Due Diligence Officer

Property Consultant

Investment Analyst

Asset Manager

Real Estate Operations Manager

Compliance Officer

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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