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The Letter Of Intent Startup is a crucial preliminary document used in Indonesia's growing startup ecosystem to initiate formal discussions between startups and potential investors, partners, or acquirers. This document type is particularly relevant in the current Indonesian business environment, where startup activities are increasingly regulated and sophisticated. The LoI typically precedes more detailed agreements and serves to document initial understanding while providing certain binding provisions (such as confidentiality) under Indonesian law. It outlines key commercial terms, proposed transaction structures, and timelines, while considering specific Indonesian regulatory requirements, including foreign investment restrictions, technology transfer regulations, and corporate law compliance. The document is especially important given Indonesia's complex regulatory framework for startups, particularly in sectors like financial technology, e-commerce, and digital services.

1. Date and Parties: Full legal names and addresses of all parties involved, including company registration numbers for registered entities

2. Introduction: Brief statement identifying the parties and their intent to explore a potential business relationship

3. Purpose: Clear statement of the business objective and scope of the potential transaction or collaboration

4. Key Terms: Outline of the principal commercial terms and basic structure of the proposed transaction

5. Timeline: Proposed schedule for due diligence, negotiations, and execution of definitive agreements

6. Confidentiality: Binding provisions regarding the treatment of confidential information exchanged during discussions

7. Exclusivity: If applicable, terms of exclusive negotiations for a specified period

8. Non-Binding Nature: Clear statement that the LOI is non-binding except for specified provisions (typically confidentiality, exclusivity, and governing law)

9. Governing Law: Specification of Indonesian law as the governing law

10. Signature Block: Space for authorized signatures from all parties