bisnis. Sehingga kesepakatan di antara para pihak di dalam joint venture agreement harus dibuat sejelas mungkin dan serinci mungkin. Ketentuan-
ketentuan itu antara lain meliputi:
B.2.1 Ketentuan mengenai definisi kontrak contractual definitions Persetujuan yang dibuat di dalam sebuah perjanjian,
menggunakan beberapa terminologi yang mempunyai arti dan maksud khusus yang hanya digunakan semata-mata di dalam pasal-pasal
perjanjian yang disetujui. Definisi tersebut menggambarkan maksud dan pengertian yang dimengerti oleh pihak-pihak yang membuat dan
menyetujuinya. Sehingga tidak akan menimbulkan penertian dan penafsiran yang bertolak belakang dan bertentangan.
Sebagaimana dapat dilihat pada pasal berikut:
ARTICLE I DEFINITIONS
1.1 “ Affiliate ” means any person, partnership, limited liability company, joint
venture, corporation or other form of enterprise which directly or indirectly controls, is controlled by, or is under common control with, a Party. For purposes of the
preceding sentence, “control” means possession, directly or indirectly, of the power to direct or cause direction of management and policies through ownership of voting
securities, contract, voting trust or otherwise.
1.2 “ Agreement ” means this Joint Venture Agreement, including all
amendments and modifications thereof, and all schedules and exhibits, which are incorporated herein by this reference.
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Indonesia, “Kitab Undang-undang Hukum Perdata”, Terjemahan R. Subekti dan R.
Universitas Sumatera Utara
1.3 “ AMDAL ” means the environmental impact assessment required under the
Contract of Work.
1.4 “ Area of Interest ” means the area described in Part 2 of Exhibit A. 1.5 “ Assets ” means the Property, Products and all other real and personal
property, tangible and intangible, held by PT Masmindo.
1.6 “ Awak Mas Project ” means the mineral project located on the Property
and governed by the Contract of Work.
1.7 “ Board of Directors ” means the board of directors of PT Masmindo. 1.8 “ Budget ” means a detailed estimate of all costs to be incurred by PT
Masmindo with respect to a Program and a schedule of cash advances to be made by Pan Asia with respect to such Program which, for the avoidance of doubt, shall
include the initial budget appended at Exhibit C hereto.
1.9 “ Business Day ” means a day on which chartered banks are open for the
transaction of regular business in the cities of Denver, Colorado and Vancouver, British Columbia.
1.10 “ Confidential Information ” means all information, data, knowledge and
