“Retainer scheme is a personal, economical, and practical solution to your constant legal needs.” A general retainer agreement can be defined as an agreement between attorney and client in which the client agrees to pay a fixed sum to the attorney in exchange for the attorney’s promise to be available to perform, at an agreed price, any legal services that arise during a specified period. It is in the form
“In Indonesia, force majeure is also regulated under the Indonesian Civil Code (“ICC”). However, the ICC does not contain any general provision concerning force majeure, e.g. the definition or the scope of applicability.” According to the Merriam-Webster’s Dictionary (1996), ‘force majeure’ is defined as a superior or insuperable force, or an event (as war, labor strike, or extreme weather) or effect that cannot be reasonably anticipated or controlled. Under the
The World Health Organization (WHO) has stipulated the status of Coronavirus Disease 2019 (Covid-19) global outbreak as Pandemic. This unprecedented global outbreak has rapidly spread and affected almost every country in this world, aside from its health and clinical impact threat, the pandemic has also brought negative impact to many other sectors such as the economy, many countries see that the pandemic has turned into a major threat to the
“Syndicated loan agreement is a type of the loan agreement which usually proposed to the large-scale projects like the infrastructure of the highway, power plant, and oil refinery) that provided by a group of Bank to one Debtor, as the amount of loan is too larger to given by one bank.” A Bank is a financial service institution that collects funds from public (“saving”) and channels back to whom that
“Parties bound by a loan agreement are entitled to conduct a transfer of debts or receivables by one of three means of transfer under the Indonesian Civil Code. Considering the differing aspects of the three, the parties are free to choose any means most suitable for their needs.” Within the contracts law, the parties bound by an agreement are legally entitled to transfer their debts or receivables to another party
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