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Intercompany Recharge Agreement

Intercompany Recharge Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Intercompany Recharge Agreement

"I need an Intercompany Recharge Agreement for our UAE mainland company to provide IT and HR shared services to our three DIFC subsidiaries, with implementation planned for March 2025; the agreement should include specific provisions for employee secondment and technology licensing."

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Document background
The Intercompany Recharge Agreement is essential for UAE-based corporate groups requiring a formal structure for allocating and charging costs between related entities. This document is particularly relevant in the context of UAE's developing tax regime, including VAT and transfer pricing regulations, and becomes necessary when companies within a group share services, resources, or costs that need to be redistributed. It addresses key requirements under UAE Federal Law No. 32 of 2021 (Companies Law) and UAE Federal Decree-Law No. 8 of 2017 (VAT Law), ensuring proper documentation of inter-group transactions. The agreement typically covers shared services, management fees, employee costs, and other group expenses, providing clear methodologies for calculation and allocation while ensuring compliance with local regulatory requirements.
Suggested Sections

1. Parties: Identification of the service provider and recipient companies, including their registration details and addresses

2. Background: Context of the agreement, relationship between the parties, and general purpose of the recharge arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including specific service categories, cost types, and calculation methods

4. Scope of Services: Detailed description of services subject to recharge between the companies

5. Cost Allocation Methodology: Principles and methods for calculating recharge amounts, including direct and indirect cost allocation

6. Pricing and Payment Terms: Details of how charges will be calculated, invoicing frequency, payment currency, and payment terms

7. VAT and Tax Compliance: Provisions regarding VAT treatment, tax documentation requirements, and compliance with UAE tax laws

8. Record Keeping and Documentation: Requirements for maintaining supporting documentation, time records, and cost calculations

9. Audit Rights: Rights of parties to audit recharge calculations and supporting documentation

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution

12. General Provisions: Standard boilerplate clauses including amendments, notices, and entire agreement provisions

Optional Sections

1. Service Levels: Include when specific performance standards need to be maintained for the recharged services

2. Intellectual Property Rights: Include when services involve creation or use of intellectual property

3. Employee Secondment: Include when arrangement involves staff secondment between companies

4. Regulatory Compliance: Include when services are in regulated industries requiring specific compliance measures

5. Foreign Exchange Provisions: Include for cross-border arrangements involving multiple currencies

6. Group Policy Compliance: Include when specific group-wide policies need to be referenced and complied with

7. Dispute Resolution: Include detailed dispute resolution procedures when parties want specific resolution mechanisms

Suggested Schedules

1. Schedule 1 - Services Description: Detailed description of each service category subject to recharge

2. Schedule 2 - Calculation Methodology: Detailed formulas and methods for calculating recharge amounts

3. Schedule 3 - Rate Card: Standard rates for different types of services or personnel

4. Schedule 4 - Allocation Keys: Specific allocation keys and percentages for cost distribution

5. Schedule 5 - Required Documentation: List of documents required to support recharge calculations

6. Appendix A - Service Level Metrics: Specific performance metrics and standards if applicable

7. Appendix B - Template Reports: Standard templates for regular reporting and invoicing

8. Appendix C - Group Policies: Relevant group policies affecting the recharge arrangement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions







































Clauses






























Relevant Industries

Financial Services

Manufacturing

Technology

Professional Services

Oil & Gas

Real Estate & Construction

Retail & Consumer Goods

Healthcare

Logistics & Transportation

Telecommunications

Hospitality & Tourism

Energy & Utilities

Relevant Teams

Finance

Legal

Tax

Compliance

Treasury

Shared Services

Operations

Commercial

Accounting

Financial Planning & Analysis

Company Secretarial

Internal Audit

Relevant Roles

Chief Financial Officer

Finance Director

Tax Manager

Legal Counsel

Compliance Officer

Group Financial Controller

Treasury Manager

Shared Services Manager

Commercial Director

Operations Director

Transfer Pricing Specialist

VAT Manager

Group Accountant

Financial Planning Manager

Corporate Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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