The Permanent Loan Agreement serves as a crucial legal instrument in Indonesian jurisdiction for situations where items of value need to be transferred into someone else's possession for an indefinite period while maintaining the original ownership structure. This document type is commonly used by museums, cultural institutions, and private collectors in Indonesia when arranging long-term loans of artifacts, artworks, or historical items. The agreement must comply with Indonesian Civil Code requirements and includes detailed provisions for care, maintenance, insurance, and usage rights. It differs from a standard loan agreement in its permanent nature and requires careful consideration of long-term preservation and access rights. The document typically includes comprehensive schedules detailing item conditions, maintenance requirements, and insurance specifications, all structured to meet Indonesian legal requirements while protecting both the lender's ownership rights and the borrower's possessory interests.
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1. Parties: Identification of the Lender and Borrower with complete legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the permanent loan
3. Definitions: Definitions of key terms used throughout the agreement
4. Loan Details: Description of the loaned item(s), including specific identification, condition, and value
5. Term and Permanency: Clarification of the permanent nature of the loan and any conditions that would trigger return
6. Ownership and Title: Clear statement regarding retention of ownership by the lender despite permanent possession by borrower
7. Care and Maintenance: Borrower's obligations regarding maintenance, preservation, and care of the loaned item(s)
8. Insurance and Risk: Requirements for insurance coverage and allocation of risk for damage or loss
9. Use Restrictions: Limitations on how the borrowed item(s) may be used, displayed, or maintained
10. Representations and Warranties: Statements of fact and promises made by both parties
11. Termination: Circumstances under which the permanent loan may be recalled or terminated
12. Governing Law: Specification of Indonesian law as governing law and jurisdiction
13. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Display Requirements: Specific requirements for display or storage of items (particularly relevant for artwork or cultural artifacts)
2. Academic Access: Provisions for academic or research access to the loaned items (relevant for cultural or scientific specimens)
3. Cultural Significance: Special provisions regarding cultural or historical significance of the items (relevant for heritage items)
4. Transportation: Requirements for moving or relocating the loaned items
5. Conservation Requirements: Specific conservation or preservation requirements (relevant for delicate or historical items)
6. Security Measures: Special security requirements for valuable items
7. Reproduction Rights: Terms regarding rights to photograph, copy, or reproduce the loaned items
8. Attribution Requirements: Requirements for crediting the lender in displays or publications
1. Schedule 1 - Item Description: Detailed description and condition report of all loaned items
2. Schedule 2 - Maintenance Requirements: Specific maintenance and care procedures for the loaned items
3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and coverage requirements
4. Schedule 4 - Authorized Personnel: List of personnel authorized to handle or maintain the loaned items
5. Appendix A - Photographs: Photographic documentation of items at time of loan
6. Appendix B - Valuation Certificates: Professional valuation certificates for the loaned items
7. Appendix C - Conservation Reports: Historical conservation reports and recommended future conservation measures
8. Appendix D - Required Forms: Any government or institutional forms required under Indonesian law
Relevant legal definitions
Clauses
Relevant Industries
Arts and Culture
Education
Heritage Conservation
Museum and Galleries
Research and Development
Public Sector
Non-Profit
Library Services
Cultural Tourism
Academic Research
Relevant Teams
Legal
Collections Management
Conservation
Cultural Affairs
Asset Management
Institutional Relations
Registration
Archives
Preservation
Curatorial
Relevant Roles
Museum Director
Curator
Collections Manager
Cultural Heritage Officer
Legal Counsel
Conservation Officer
Archives Manager
Gallery Director
Registrar
Asset Manager
Research Director
Institutional Partnership Manager
Cultural Affairs Officer
Collections Coordinator
Preservation Specialist
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