The Termination of Collaboration Agreement is a crucial document used when parties wish to formally end their existing business collaboration in Indonesia. It becomes necessary when joint business activities need to cease due to various factors such as completion of objectives, change in business strategy, or mutual agreement to end the relationship. This document, governed by Indonesian law, particularly the Civil Code (KUHPerdata), outlines the terms and conditions for ending the collaboration, including the settlement of accounts, transfer of assets, handling of confidential information, and post-termination obligations. It provides legal certainty and protection for all parties involved, ensuring a clear framework for unwinding the business relationship while maintaining compliance with Indonesian regulatory requirements.
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1. Parties: Identification of all parties to the original collaboration agreement and this termination agreement
2. Background: Details of the original collaboration agreement, its effective date, and the context for termination
3. Definitions: Definitions of key terms used in the termination agreement, including references to defined terms in the original agreement
4. Termination Date: Specific date when the collaboration agreement will terminate and all obligations will cease
5. Mutual Release: Provisions for mutual release of claims and obligations under the original agreement
6. Outstanding Obligations: List of any remaining obligations to be fulfilled before or after termination
7. Settlement of Accounts: Terms for settling any outstanding financial matters between the parties
8. Return of Property: Requirements for returning any physical or digital assets, documents, or property
9. Confidentiality: Ongoing obligations regarding confidential information even after termination
10. Non-Disparagement: Agreement not to make negative statements about other parties
11. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction
12. Execution: Signature blocks and execution requirements
1. Intellectual Property Rights: Provisions for handling any IP rights, particularly relevant if the collaboration involved joint IP development
2. Employee Matters: Required when the collaboration involved shared employees or secondments
3. Transition Arrangements: Details of any transitional period or handover process, if needed
4. Surviving Provisions: List of specific provisions from the original agreement that will survive termination
5. Non-Compete Obligations: Post-termination competition restrictions, if applicable
6. Public Announcements: Terms for managing public communications about the termination, particularly relevant for high-profile collaborations
7. Tax Considerations: Specific tax-related provisions if the termination involves significant asset transfers or payments
8. Force Majeure Impact: Required if termination is due to force majeure events
1. Schedule 1 - Original Agreement: Copy of the original collaboration agreement being terminated
2. Schedule 2 - Outstanding Payments: Detailed list of any outstanding payments or financial settlements
3. Schedule 3 - Asset Register: Inventory of assets to be returned or transferred between parties
4. Schedule 4 - Completion Checklist: List of actions required to complete the termination process
5. Schedule 5 - Surviving Obligations: Detailed list of obligations that survive termination
6. Appendix A - Power of Attorney: If required, documents confirming authority to execute the termination
7. Appendix B - Board Resolutions: Corporate approvals for the termination, if required
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Financial Services
Education
Healthcare
Energy & Resources
Retail & Consumer Goods
Agriculture
Infrastructure & Construction
Transportation & Logistics
Telecommunications
Professional Services
Media & Entertainment
Real Estate
Mining
Relevant Teams
Legal
Corporate Affairs
Finance
Operations
Business Development
Compliance
Risk Management
Commercial
Project Management
Partnership Management
Executive Leadership
Procurement
Strategy
Relevant Roles
Chief Executive Officer
Managing Director
Legal Counsel
Contract Manager
Business Development Manager
Chief Financial Officer
Operations Director
Project Manager
Partnership Manager
Compliance Officer
Risk Manager
Corporate Secretary
General Manager
Commercial Director
Head of Legal
Chief Operating Officer
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