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Purchase Agreement Extension for Indonesia

Purchase Agreement Extension Template for Indonesia

A Purchase Agreement Extension document governed by Indonesian law that extends and potentially modifies an existing purchase agreement between parties. This document ensures compliance with Indonesian Civil Code (KUHPerdata) requirements while maintaining the continuity of commercial relationships. It addresses key elements such as extended duration, updated pricing, delivery terms, and any modifications to the original agreement, all within the framework of Indonesian commercial law. The document includes provisions for both domestic and international trade considerations, incorporating relevant requirements from Law No. 7 of 2014 on Trade and related regulations.

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What is a Purchase Agreement Extension?

A Purchase Agreement Extension is essential when parties wish to continue their existing commercial relationship beyond the original term of their purchase agreement while potentially updating certain terms to reflect current market conditions or changed circumstances. This document type is commonly used in Indonesian business practice when both parties have found their relationship mutually beneficial and wish to maintain continuity while potentially adjusting terms such as pricing, delivery schedules, or scope of supply. The extension must comply with Indonesian law requirements, particularly the Civil Code (KUHPerdata) and Law No. 7 of 2014 on Trade. It is particularly relevant for ongoing supply relationships, capital equipment purchases with extended delivery schedules, or long-term procurement arrangements where maintaining the basic framework of the original agreement while updating specific terms is more efficient than drafting a new agreement.

What sections should be included in a Purchase Agreement Extension?

1. Parties: Identification of all parties to the agreement, including their legal names, registration numbers, and addresses

2. Background: Reference to the original purchase agreement, its date, and brief context for the extension

3. Definitions: Key terms used in the extension agreement, including references to definitions from the original agreement

4. Extension Term: Specific duration of the extension period and effective date

5. Continuing Effect: Confirmation that all other terms and conditions of the original agreement remain in full force and effect

6. Modified Terms: Clear identification of any terms from the original agreement that are being modified by this extension

7. Pricing and Payment Terms: Updated pricing structures, payment schedules, and any adjustments to original financial terms

8. Representations and Warranties: Confirmation that original representations remain true and any new representations specific to the extension

9. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction

10. Execution: Signature blocks and execution requirements under Indonesian law

What sections are optional to include in a Purchase Agreement Extension?

1. Performance Review: Assessment of performance under the original agreement, used when extension is conditional on past performance

2. Additional Services/Products: Description of any new products or services being added to the original scope

3. Force Majeure Update: Updated force majeure provisions, particularly relevant post-COVID or for specific current events

4. Compliance Updates: New compliance requirements or regulatory changes since the original agreement

5. Early Termination Rights: Additional termination provisions specific to the extension period

6. Currency Adjustments: Provisions for handling currency fluctuations, relevant for international purchases

7. Digital Authentication: Provisions for electronic signatures and digital documentation, if applicable

What schedules should be included in a Purchase Agreement Extension?

1. Schedule A - Updated Pricing Schedule: Detailed breakdown of current prices, including any escalation formulas

2. Schedule B - Delivery Schedule: Updated timeline for deliveries during the extension period

3. Schedule C - Performance Metrics: Key performance indicators and service levels for the extension period

4. Schedule D - Modified Terms List: Comprehensive list of all terms being modified from the original agreement

5. Appendix 1 - Original Agreement: Copy of the original purchase agreement being extended

6. Appendix 2 - Compliance Certificates: Updated certificates, licenses, and compliance documents

7. Appendix 3 - Corporate Authorizations: Fresh corporate authorizations for the extension, if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions







































Clauses































Relevant Industries

Manufacturing

Retail

Technology

Construction

Energy

Mining

Agriculture

Consumer Goods

Industrial Equipment

Telecommunications

Automotive

Pharmaceuticals

Food and Beverage

Logistics

Relevant Teams

Legal

Procurement

Finance

Operations

Supply Chain

Compliance

Commercial

Contract Administration

Risk Management

Business Development

Relevant Roles

Procurement Manager

Legal Counsel

Contract Administrator

Supply Chain Manager

Commercial Director

Chief Financial Officer

Purchasing Director

Operations Manager

Compliance Officer

Business Development Manager

Finance Manager

General Manager

Country Manager

Vendor Relations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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