The Operating Agreement For Partnership LLC is a fundamental document required for establishing and operating a limited liability company partnership in Indonesia. This agreement is essential when two or more parties wish to form a business entity that combines the flexibility of a partnership with the liability protection of an LLC structure under Indonesian law. It must comply with Law No. 40 of 2007 and related regulations, including foreign investment restrictions if applicable. The document outlines critical aspects such as capital contributions, profit distribution, management rights, transfer restrictions, and dissolution procedures. It's particularly important in the Indonesian context due to specific local requirements regarding language, corporate governance, and foreign ownership limitations. The agreement serves as the primary reference point for managing partner relationships and business operations throughout the company's lifecycle.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all partners/members and their contact details
2. Background: Context of the partnership formation and business objectives
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Formation and Name: Details of LLC formation, business name, and registered address
5. Purpose and Business Scope: Defined scope of business activities and objectives
6. Capital Contributions: Initial and subsequent capital contributions, valuation methods
7. Ownership Interests: Distribution of ownership percentages and classes of interests
8. Management Structure: Management roles, voting rights, and decision-making processes
9. Meetings and Resolutions: Procedures for partner meetings and passing resolutions
10. Financial Affairs: Accounting practices, fiscal year, banking arrangements
11. Profit and Loss Distribution: Method of allocating profits and losses among partners
12. Transfer of Interests: Rules for transferring ownership interests and restrictions
13. Exit Provisions: Procedures for partner withdrawal, buyout terms
14. Dissolution and Liquidation: Process for dissolving the LLC and asset distribution
15. Confidentiality: Protection of company and partner confidential information
16. Dispute Resolution: Procedures for resolving conflicts between partners
17. Governing Law: Application of Indonesian law and jurisdiction
18. General Provisions: Miscellaneous legal provisions and boilerplate clauses
1. Foreign Investment Provisions: Required when foreign partners are involved, detailing compliance with Indonesian foreign investment laws
2. Intellectual Property Rights: Needed when the LLC owns or develops significant IP assets
3. Employment Matters: Required for LLCs with employees or detailed HR policies
4. Environmental Compliance: Necessary for businesses with environmental impact considerations
5. Related Party Transactions: Required when partners have other business interests that may interact with the LLC
6. Insurance Requirements: Detailed insurance obligations when business activities require specific coverage
7. Tag-Along and Drag-Along Rights: Optional provisions for larger partnerships with sophisticated exit strategies
8. Special Purpose Vehicle Provisions: Required when the LLC is formed for a specific project or venture
1. Schedule A - Capital Contributions: Detailed list of initial capital contributions by each partner
2. Schedule B - Ownership Interests: Current ownership structure and class of interests
3. Schedule C - Management Structure: Organizational chart and management positions
4. Schedule D - Business Plan: Initial business plan and projections
5. Schedule E - Approved Signatories: List of authorized signatories and their powers
6. Appendix 1 - Company Details: Corporate information, registration numbers, and addresses
7. Appendix 2 - Required Governmental Approvals: List of permits, licenses, and regulatory approvals
8. Appendix 3 - Valuation Methods: Agreed methods for valuing company interests
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Professional Services
Retail
Real Estate
Construction
Agriculture
Mining
Healthcare
Education
Financial Services
Hospitality
Transportation
E-commerce
Import/Export
Consulting
Relevant Teams
Legal
Corporate Secretariat
Finance
Compliance
Corporate Governance
Risk Management
Business Development
Operations
Investment
Executive Leadership
Administrative
Relevant Roles
Chief Executive Officer
Managing Director
Chief Legal Officer
Corporate Secretary
Legal Counsel
Chief Financial Officer
Business Development Director
Operations Director
Compliance Officer
Investment Manager
Partner
Managing Partner
Board Member
Company Director
Risk Manager
Corporate Governance Officer
Find the exact document you need
Cattle Partnership Agreement
An Indonesian law-governed agreement establishing partnership terms for cattle farming operations, including operational, financial, and regulatory compliance aspects.
find out more
Internal Partnership Agreement
An Internal Partnership Agreement under Indonesian law establishing partnership terms, governance, and operational framework.
find out more
Industrial Partner Contract
An Indonesian law-governed agreement establishing industrial partnership terms and conditions, ensuring compliance with local industrial regulations and business practices.
find out more
Operating Agreement For Partnership LLC
An Operating Agreement governing Partnership LLC operations under Indonesian law, detailing partner rights, management structure, and business operations.
find out more
Alliance Agreement
An Indonesian law-governed agreement establishing strategic partnerships between multiple parties, defining terms for collaboration and resource sharing.
find out more
Dental Partnership Agreement
An Indonesian law-governed agreement establishing a partnership between dental practitioners, outlining operational terms and regulatory compliance requirements.
find out more
Partnership Agreement Between Company And Individual
An Indonesian law-governed agreement establishing a partnership between a company and an individual, defining their business relationship, rights, and obligations.
find out more
Hedge Fund Partnership Agreement
An Indonesian law-governed agreement establishing a hedge fund partnership structure, detailing partner relationships, investment terms, and regulatory compliance requirements.
find out more
Limited Liability Limited Partnership Agreement
An Indonesian law-governed agreement establishing a limited liability limited partnership structure, defining partner relationships, rights, and obligations.
find out more
Simple Partnership Contract
An Indonesian law-compliant contract establishing a basic partnership structure between two or more parties, defining their business relationship and mutual obligations.
find out more
Contract For LLC Partnership
An Indonesian law-governed agreement establishing an LLC partnership, defining partner relationships and operational framework under Law No. 40 of 2007.
find out more
Distributorship Contract
An Indonesian law-governed agreement establishing terms for product distribution between a supplier and distributor, including territorial rights and operational obligations.
find out more
Authorized Reseller Agreement
An Indonesian law-governed agreement establishing terms and conditions between a Principal and an authorized reseller for product distribution in specified territories.
find out more
Joint Venture Proposal
A formal proposal document for establishing a joint venture in Indonesia, compliant with local investment laws and corporate regulations.
find out more
Short Partnership Agreement
A streamlined partnership agreement template compliant with Indonesian law, designed for establishing basic business partnerships.
find out more
Software Distributor Agreement
An Indonesian law-governed agreement establishing terms for software distribution, including licensing, territory rights, and compliance with local regulations.
find out more
Social Media Partnership Agreement
An Indonesian law-governed agreement establishing terms and conditions for social media partnerships, including content rights, data protection, and regulatory compliance.
find out more
Legal Partnership Agreement
An Indonesian law-governed agreement establishing and regulating a business partnership, defining partner relationships, rights, and obligations.
find out more
Formal Partnership Agreement
An Indonesian law-governed agreement establishing a formal partnership between parties, detailing partnership terms and operational framework in compliance with local regulations.
find out more
Collaboration Partnership Agreement
An Indonesian law-governed agreement establishing terms and conditions for collaborative partnerships between multiple parties, ensuring legal compliance and mutual business interests.
find out more
Technology Partnership Agreement
An Indonesian law-governed agreement establishing terms for technology partnership, collaboration, and implementation between parties.
find out more
Startup Partnership Agreement
An Indonesian law-governed agreement establishing partnership terms and governance structure for startup ventures, including capital, management, and exit provisions.
find out more
Software Partner Agreement
An Indonesian law-governed agreement establishing partnership terms between a software provider and business partner for software distribution, implementation, or reselling activities.
find out more
Sponsorship Partnership Agreement
An Indonesian law-governed agreement establishing terms and conditions for sponsorship partnerships, including rights, obligations, and financial arrangements between sponsors and sponsees.
find out more
Shareholders Agreement Joint Venture
An Indonesian law-governed agreement establishing the terms and structure of a joint venture between shareholders, including governance and operational frameworks.
find out more
Service Partner Agreement
An Indonesian law-governed agreement establishing terms and conditions between a service provider and recipient, outlining service delivery, payment terms, and mutual obligations.
find out more
Simple Limited Partnership Agreement
An Indonesian law-governed agreement establishing a limited partnership (CV) between managing general partners and investing limited partners.
find out more
Revenue Share Partnership Agreement
An Indonesian law-governed agreement establishing terms for revenue sharing between partners, including calculation methods, payment terms, and compliance requirements.
find out more
Restaurant Profit Sharing Agreement
An Indonesian law-governed agreement establishing profit-sharing arrangements and operational terms between parties in a restaurant business.
find out more
Sales Cooperation Agreement
An Indonesian law-governed agreement establishing terms for cooperative sales activities between parties, including territory rights, commissions, and operational procedures.
find out more
Real Estate Joint Venture Agreement
An Indonesian law-governed agreement establishing a joint venture for real estate development, addressing local regulatory requirements and foreign investment restrictions.
find out more
Preliminary Partnership Agreement
A preliminary agreement governing partnership negotiations in Indonesia, establishing framework and protections for parties while finalizing partnership terms under Indonesian law.
find out more
Pre Partnership Agreement
An Indonesian law-governed preliminary agreement establishing terms for exploring and negotiating a potential business partnership.
find out more
Photography Partnership Agreement
An Indonesian law-governed agreement establishing a partnership between photographers or photography business owners, outlining operational terms and creative rights management.
find out more
Partnership Service Agreement
An Indonesian law-governed agreement establishing partnership terms for service provision, defining roles, responsibilities, and operational framework between collaborating parties.
find out more
Partnership Agreement Profit Sharing
An Indonesian law-governed agreement establishing a business partnership with detailed profit-sharing arrangements and operational terms.
find out more
Nonprofit Partnership Agreement
An Indonesian law-governed agreement establishing partnership terms between nonprofit organizations, ensuring compliance with local nonprofit regulations.
find out more
Non Equity Partner Agreement
An agreement governing non-equity partner appointments in professional services firms under Indonesian law, establishing rights, responsibilities, and compensation terms.
find out more
New Partnership Agreement
An Indonesian law-governed Partnership Agreement establishing the terms and conditions for business partnerships in Indonesia, including regulatory compliance requirements.
find out more
Mou For Investment Partnership
Preliminary investment agreement under Indonesian law establishing framework for investment partnership and key terms for future collaboration.
find out more
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)