The Business Asset Purchase Agreement is a critical document used in Indonesian business transactions when one company wishes to acquire specific assets from another company without purchasing the entire business entity. This agreement is essential for transactions governed by Indonesian law and must comply with various regulations including the Indonesian Civil Code, Company Law (Law No. 40 of 2007), Investment Law, and relevant tax regulations. It typically covers the transfer of tangible assets (such as equipment, inventory, or real estate) and intangible assets (such as intellectual property, contracts, or licenses), while addressing specific Indonesian regulatory requirements, tax implications, and necessary governmental approvals. The document is particularly important in ensuring clear transfer of title, managing liability allocation, and maintaining compliance with local business practices and legal requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the seller and purchaser, including registration details and addresses
2. Background: Context of the transaction, including brief description of the business and assets
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Sale and Purchase: Core transaction terms including description of assets being sold
5. Purchase Price: Purchase price, payment terms, adjustments, and payment mechanics
6. Conditions Precedent: Conditions that must be satisfied before completion
7. Pre-Completion Obligations: Obligations of both parties between signing and completion
8. Completion: Completion mechanics, timing, and deliverables
9. Seller's Warranties: Warranties regarding the assets, business, and seller's capacity
10. Purchaser's Warranties: Warranties regarding purchaser's capacity and authority
11. Limitations on Claims: Limitations on warranty claims and indemnities
12. Confidentiality: Confidentiality obligations of both parties
13. Tax Matters: Tax implications, responsibilities, and indemnities
14. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Employee Matters: Terms regarding transfer of employees - include when employees are being transferred with the business
2. Intellectual Property: Specific provisions for IP transfer - include when significant IP assets are involved
3. Real Property: Specific provisions for real estate transfer - include when real property is part of the assets
4. Environmental Matters: Environmental warranties and indemnities - include for manufacturing or industrial businesses
5. Competition Compliance: Competition law compliance provisions - include for large transactions requiring regulatory approval
6. Transition Services: Terms for post-completion transition support - include when seller's ongoing support is needed
7. Non-Compete: Non-compete and non-solicitation provisions - include when protecting business goodwill is crucial
8. Financing Cooperation: Provisions regarding financing arrangements - include when purchase is subject to financing
1. Asset Schedule: Detailed list of all assets being purchased
2. Excluded Assets: List of assets specifically excluded from the purchase
3. Purchase Price Allocation: Breakdown of purchase price across asset categories
4. Contracts Schedule: List of contracts being transferred
5. Employee Schedule: List of transferring employees and their terms (if applicable)
6. Intellectual Property Schedule: Details of IP assets being transferred (if applicable)
7. Real Property Details: Details of real property assets including titles and permits
8. Required Consents: List of third-party consents required for completion
9. Form of Transfer Documents: Templates of asset transfer documents required under Indonesian law
10. Completion Checklist: List of actions and deliverables required at completion
Find the exact document you need
Customer List Purchase Agreement
An Indonesian law-governed agreement for the purchase and transfer of customer lists, ensuring compliance with local data protection regulations.
Download
Assumed Liabilities Asset Purchase Agreement
An Indonesian law-governed agreement for the transfer of assets and assumption of related liabilities between parties, incorporating local regulatory requirements.
Download
Goodwill Purchase Agreement
An Indonesian law-governed agreement for the purchase and transfer of business goodwill, including intangible assets, customer relationships, and business value.
Download
Restaurant Asset Purchase Agreement
An Indonesian law-governed agreement for the purchase and sale of restaurant assets, including equipment, inventory, and associated business assets.
Download
Business Asset Purchase Agreement
An Indonesian law-governed agreement for the purchase and sale of business assets between companies, detailing transfer terms and regulatory compliance requirements.
Download
Short Form Asset Purchase Agreement
A concise agreement under Indonesian law governing the sale and purchase of assets, including essential transaction terms and basic warranties.
Download
Share Sale And Purchase Agreement
An Indonesian law-governed agreement for the sale and purchase of company shares, detailing transaction terms, conditions, and regulatory compliance requirements.
Download
Share Purchase Agreement
An Indonesian law-governed agreement for the sale and purchase of shares in a company, including terms of sale, warranties, and regulatory compliance requirements.
Download
Equipment Purchase Agreement
An Indonesian law-governed agreement establishing terms and conditions for equipment purchase between buyer and seller, including specifications, pricing, warranties, and compliance requirements.
Download
Inventory Purchase Agreement
An Indonesian law-governed agreement establishing terms for regular inventory purchase and supply between businesses, compliant with local commercial regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)