How is the Lease Survival After Foreclosure?
Foreclosure on the property does not typically terminate the lease, and tenants' rights under the lease remain intact unless otherwise stipulated in the lease agreement or related documents.
Is there any specific required forms of Leases?
Leases in Indonesia come in various forms, and there is no required format for them. Parties can negotiate and draft leases according to their specific needs and preferences.
What Information Must a Franchisor Provide in the Pre-Agreement Disclosure Document?
The franchisor is required to provide specific information, including proof of identity, legal documents related to the franchise business, the franchisor's business history, organizational structure, the number of franchise businesses, audited financial [...]
Who Enforces Franchising Laws and Requirements in Indonesia?
The Ministry of Trade in Indonesia is the regulatory authority responsible for enforcing franchising laws and requirements.
Must the Franchisor Register with a Regulatory Body Before Establishing a Franchise Business System?
Yes, before entering into a franchise agreement with a franchisee in Indonesia, the franchisor is required to register with the Indonesian Ministry of Trade and obtain a certificate of franchise registration, known [...]
How Can a Franchisor Ensure Franchisee Compliance with Business Systems and Standards?
A franchisor can ensure franchisee compliance by offering continuous guidance, supervision, and support. Additionally, franchisees may be required to create and submit business development plans that align with the franchisor's standards. Franchising [...]
What information should be included in the Partnership Agreement in Indonesia?
Your Partnership Agreement should include details such as business type, industry, place of business, commencement date, business name, capital contributions, management responsibilities, financial decisions, tax elections, dispute resolution, and any additional terms [...]
How do I choose a suitable business name in Indonesia?
Conduct a business name search to ensure your chosen name is available and complies with local regulations. This prevents confusion and legal issues in the future.
What are capital contributions, and why are they important in a Partnership Agreement for Indonesia?
Capital contributions are the monetary or asset contributions made by each partner to the business. In Indonesia, they are crucial as they define each partner's investment in the partnership and affect profit-sharing [...]
How often should partners hold meetings in Indonesia, and who can call them?
The frequency and rules for partners' meetings can vary, but you should specify these details in your agreement. Partners can determine whether any partner can call special meetings or if they require [...]