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Contra Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Contra Agreement

"I need a Contra Agreement for my digital marketing agency to exchange web development services worth HKD 200,000 with a media company's advertising space, commencing March 2025."

Document background
The Contra Agreement is essential for businesses operating in Hong Kong that wish to engage in non-monetary exchanges of goods or services. This document type is particularly prevalent in media, advertising, and hospitality sectors where parties agree to exchange services or products of equivalent value instead of traditional monetary transactions. The agreement must comply with Hong Kong contract law and tax regulations, including proper valuation methods for accounting purposes. Contra Agreements are commonly used for advertising space exchanges, media partnerships, sponsorship arrangements, and service swaps. The document includes detailed specifications of the exchange, valuation methodologies, delivery schedules, and quality standards, while incorporating Hong Kong's legal requirements for contract formation and enforcement.
Suggested Sections

1. Parties: Identification of all parties entering into the contra agreement, including full legal names and registered addresses

2. Background: Context of the agreement and brief description of each party's business and the purpose of entering into a contra arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including specific industry terminology

4. Exchange of Services/Goods: Detailed description of what each party will provide to the other under the contra arrangement

5. Valuation: Agreed monetary value of the goods/services being exchanged for accounting and tax purposes

6. Delivery and Performance: Timelines, delivery methods, and performance standards for the exchanged goods/services

7. Quality Standards: Specifications and quality requirements for the goods/services being exchanged

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

9. Representations and Warranties: Each party's assurances regarding their capacity and ability to deliver the promised goods/services

10. Confidentiality: Obligations regarding confidential information shared during the course of the agreement

11. General Provisions: Standard contractual clauses including governing law, notices, and entire agreement provisions

Optional Sections

1. Intellectual Property Rights: Include when the contra arrangement involves licensing or transfer of intellectual property

2. Marketing and Promotion: Include when parties agree to promote each other's brands or services as part of the arrangement

3. Insurance: Include when specific insurance requirements are needed for high-value or high-risk exchanges

4. Staff and Resources: Include when the arrangement requires deployment of specific personnel or resources

5. Data Protection: Include when personal data will be processed as part of the arrangement

6. Non-Competition: Include when parties wish to restrict competitive activities during or after the arrangement

7. Force Majeure: Include when parties want specific provisions for unforeseeable circumstances

8. Dispute Resolution: Include when parties want specific arbitration or mediation procedures

Suggested Schedules

1. Schedule 1 - Service/Product Specifications: Detailed technical specifications of goods/services being exchanged

2. Schedule 2 - Delivery Schedule: Detailed timeline and milestones for the exchange of goods/services

3. Schedule 3 - Valuation Method: Detailed methodology for valuing the goods/services being exchanged

4. Schedule 4 - Performance Metrics: Specific KPIs or performance standards that must be met

5. Schedule 5 - Brand Guidelines: If applicable, guidelines for use of each party's branding and marketing materials

6. Appendix A - Required Certifications: Copies of relevant certifications or licenses required for the exchange

7. Appendix B - Insurance Certificates: If applicable, copies of required insurance certificates

Authors

Alex Denne

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

Relevant legal definitions








































Clauses







































Relevant Industries

Media & Entertainment

Advertising & Marketing

Hospitality & Tourism

Events & Conferences

Sports & Recreation

Digital Services

Professional Services

Publishing & Broadcasting

Retail & Consumer Services

Technology

Education & Training

Arts & Culture

Relevant Teams

Legal

Finance

Marketing

Commercial

Business Development

Operations

Procurement

Media Planning

Sponsorship

Account Management

Partnership Management

Risk Management

Relevant Roles

Chief Marketing Officer

Commercial Director

Business Development Manager

Media Planning Director

Partnership Manager

Legal Counsel

Finance Director

Marketing Manager

Procurement Manager

Account Director

Operations Manager

Contract Manager

Sponsorship Manager

Media Relations Manager

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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