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Intercompany Agreement Between Parent And Subsidiary
"I need an Intercompany Agreement between Parent and Subsidiary under UAE law for our new tech subsidiary in Dubai, which will handle regional software development and IT services starting March 2025, with particular focus on IP rights and employee secondment arrangements."
1. Parties: Identification of the parent company and subsidiary, including full legal names, registration details, and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Scope of Agreement: Overview of services, support, or arrangements covered by the agreement
5. Rights and Obligations: Detailed responsibilities and rights of both parent and subsidiary
6. Governance and Control: Management structure, reporting lines, and decision-making processes
7. Financial Arrangements: Payment terms, transfer pricing methodology, and financial obligations
8. Compliance and Reporting: Requirements for regulatory compliance, internal reporting, and record-keeping
9. Confidentiality: Protection of confidential information and trade secrets
10. Term and Termination: Duration of agreement and circumstances for termination
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Intellectual Property Rights: Used when the agreement involves sharing or licensing of IP between parent and subsidiary
2. Employee Secondment: Include when staff will be transferred or seconded between entities
3. Shared Services: Required when parent provides specific administrative or operational services
4. Tax Matters: Detailed tax arrangements and responsibilities, particularly important with international parent companies
5. Brand Usage: Include when subsidiary needs rights to use parent company's branding and trademarks
6. Data Protection: Required when significant data sharing occurs between entities
7. Non-Competition: Include when there are specific market restrictions for the subsidiary
8. Insurance: Detailed insurance requirements and allocations of risk between entities
1. Schedule 1: Service Levels: Detailed description of services and performance standards
2. Schedule 2: Charges and Payment Terms: Detailed pricing, payment mechanisms, and transfer pricing methodology
3. Schedule 3: Governance Procedures: Detailed procedures for management, reporting, and decision-making
4. Schedule 4: Compliance Requirements: Specific regulatory and internal compliance requirements
5. Schedule 5: Key Personnel: List of key contacts and responsible persons from both entities
6. Appendix A: Technical Requirements: Technical specifications for any shared systems or processes
7. Appendix B: Form of Reports: Templates for required reporting between entities
8. Appendix C: Group Policies: Relevant group-wide policies that apply to the subsidiary
Authors
Financial Services
Manufacturing
Technology
Real Estate
Retail
Healthcare
Energy
Transportation and Logistics
Professional Services
Construction
Telecommunications
Hospitality
Trading
Industrial
Legal
Finance
Compliance
Corporate Governance
Tax
Treasury
Operations
Risk Management
Corporate Affairs
Company Secretariat
Internal Audit
Strategy
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
Managing Director
Finance Director
Legal Director
Company Secretary
Head of Compliance
Corporate Governance Officer
Tax Director
Operations Director
Group Financial Controller
Treasury Manager
Legal Counsel
Compliance Manager
Corporate Affairs Manager
Risk Manager
Group Company Secretary
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