Share Transfer Agreement

A Share Transfer Agreement (STA) is a legally binding document outlining the transfer of shares from one party to another. It defines the terms, conditions, representations, warranties, payment arrangements, liabilities, and responsibilities of both seller and buyer.This service provides end-to-end support in the drafting and structuring of the agreement, ensuring compliance with Indonesian corporate regulations and alignment with the company’s Articles of Association.We facilitate communication between the parties, gather required information, prepare the agreement, conduct revisions based on client input, and coordinate with a Notary/PPAT if the transaction requires further formalization.This service covers administrative and legal drafting support. However, we do not influence notarization processes, corporate approvals, shareholder decisions, or the internal verification performed by relevant authorities.Key Characteristics & Features Regulatory Basis: Refers to Law No. 40/2007 on Limited Liability Companies and its amendments. Legally Binding Contract: Clearly stipulates rights and obligations of both parties. Aligned With Articles of Association: Ensures transfer is permitted under corporate bylaws. Protection for Both Parties: Includes representations, warranties, and liability clauses. Optional Notarial Execution: Transfer may require notarial deed updates (Akta Perubahan), depending on company structure and share class. Customizable Terms: Agreement content is tailored based on transaction needs and parties’ requirements.CoverageThis service includes: Drafting of the Share Transfer Agreement Legal review of transaction details Incorporating client-requested terms Alignment with the company’s Articles of Association Coordination between seller & buyer for required information Revision rounds based on client feedback Coordination with notary (if requested, charged separately) Guidance on post-signing compliance stepsImportant Notes We do not guarantee the approval of share transfer registration in AHU or by the Notary; these decisions depend on corporate compliance and document completeness. Any required notarial process is not included and will be billed separately. This service covers the drafting of the agreement only. Corporate filings (Akta Perubahan, AHU updates) are not included unless requested separately. Tax obligations arising from share transfer are the client’s responsibility. Additional sworn translations (if required) are excluded.