If a loan agreement is concluded by the Indonesian government with a party that is not subject to international law, such as foreign entrepreneurs, multinational companies, etc., then the loan agreement with this constellation is included in the field of international civil law. Credit agreements are generally governed by international civil law. However, Damos noted that with the change in the application of the applicable law in credit agreements in its development, the ministry can no longer be used as a reference. Also in the creation of the PI Researchers Act, credit agreements are included as one of the international agreements, provided they meet the requirements of the Researchers and Interests Act. Subject to the terms of this Agreement, the Creditor undertakes to make available to the Credit Facility the amount set out in Annex I to this Agreement, which will be paid by the Promoter into the Borrower`s bank account in accordance with Annex I of this Agreement via the Lender`s virtual account. Thus, this Agreement is signed using electronic signatures as defined in Law No. 11 of the Republic of Indonesia of 2008 on Electronic Information and Transactions by the Parties or their legal representatives on the date specified at the beginning of this Agreement. It can be concluded that the IP law can only apply to international agreements in the public sense, the element of which is the same: the credit agreement or the loan agreement is a contract between the borrower and the lender that regulates the rights and obligations associated with it. The loan agreement as a foreign loan agreement operates in the same way as the law that applies to the parties who agree to enter into the agreement.