The Release Of Confidential Information Form is a crucial legal document used in Indonesian business and professional contexts when parties need to formally authorize the disclosure of confidential information that was previously protected under confidentiality obligations. This document becomes necessary in various situations, such as during mergers and acquisitions, joint ventures, professional service engagements, or when sharing sensitive business information with potential investors or partners. The form must comply with Indonesian regulations, particularly the PDP Law 2022, Law No. 30 of 2000 on Trade Secrets, and the Electronic Information and Transactions Law. It typically includes detailed specifications of the information being released, the scope of permitted use, and acknowledgment of the legal implications of such release. This document serves as a protective measure for both the disclosing and receiving parties by clearly defining the terms and extent of the authorized disclosure.
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1. Parties: Identification of the disclosing party (information owner) and receiving party, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the relationship between parties and reason for the release of confidential information
3. Definitions: Clear definitions of key terms including 'Confidential Information', 'Release', 'Authorized Recipients', and other relevant terms
4. Description of Confidential Information: Specific and detailed description of the confidential information being released
5. Scope of Release: Clear statement of the extent of permitted disclosure, including any limitations or restrictions
6. Purpose of Release: Specific purposes for which the confidential information may be used after release
7. Acknowledgment and Consent: Express acknowledgment of the release and consent to the terms by both parties
8. Duration: Time period for which the release remains valid
9. Legal Effect: Statement of the legal implications of the release and waiver of rights
10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution requirements
1. Surviving Obligations: Used when certain confidentiality obligations need to survive the release
2. Third Party Rights: Include when the confidential information involves or affects third party rights
3. Data Protection Compliance: Required when the confidential information includes personal data under the PDP Law
4. Partial Release: Used when only specific parts of confidential information are being released while others remain protected
5. Indemnification: Include when specific indemnification provisions are needed for potential claims arising from the release
6. Return or Destruction of Materials: Optional section specifying requirements for handling physical or electronic copies of the information
1. Schedule 1 - Detailed Description of Confidential Information: Comprehensive list and description of all confidential information being released
2. Schedule 2 - Authorized Recipients: List of specific individuals or entities authorized to receive the released information
3. Schedule 3 - Specific Use Conditions: Detailed conditions and restrictions on the use of released information
4. Appendix A - Related Agreements: List of any related confidentiality agreements or contracts affected by this release
5. Appendix B - Consent Forms: Any additional consent forms required, particularly for personal data under PDP Law
Relevant legal definitions
Clauses
Relevant Industries
Technology and Software
Financial Services
Manufacturing
Healthcare
Professional Services
Telecommunications
Energy and Resources
Real Estate
Education
Research and Development
Pharmaceuticals
Retail and Consumer Goods
Media and Entertainment
Industrial and Engineering
Relevant Teams
Legal
Compliance
Executive Leadership
Human Resources
Information Security
Risk Management
Corporate Secretariat
Business Development
Research and Development
Intellectual Property
Data Protection
Operations
Finance
Information Technology
Relevant Roles
Chief Executive Officer
Legal Counsel
Compliance Officer
Chief Financial Officer
Business Development Manager
Project Manager
Human Resources Director
Information Security Officer
Risk Manager
Corporate Secretary
Investment Manager
Operations Director
Research Director
Intellectual Property Manager
Data Protection Officer
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