The Master Agreement And Sub Agreement structure is designed for complex business relationships requiring a standardized yet flexible legal framework under Hong Kong law. It is particularly suited for situations where parties anticipate multiple related transactions or service arrangements that share common terms but require specific details to be agreed separately. The master agreement establishes the fundamental legal and commercial framework, including key provisions such as confidentiality, liability, dispute resolution, and general obligations that apply across all sub-agreements. This structure is commonly used in financial services, technology, and professional services sectors where ongoing relationships require both consistency in core terms and flexibility in specific arrangements. The document complies with Hong Kong legal requirements and common law principles, providing a robust foundation for commercial relationships while streamlining the contracting process for subsequent transactions.
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1. Parties: Identification of the contracting parties, including full legal names and registration details
2. Background: Context of the agreement, relationship between parties, and purpose of the master agreement structure
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules
4. Structure and Relationship: Hierarchy between master and sub-agreements, procedure for creating sub-agreements
5. Term and Termination: Duration of the master agreement, renewal provisions, and termination circumstances
6. Sub-Agreement Process: Procedures for initiating, negotiating, and executing sub-agreements
7. General Obligations: Core obligations applicable to all arrangements under the master agreement
8. Representations and Warranties: Standard representations and warranties applicable to all arrangements
9. Payment Terms: General payment principles, invoicing, and payment procedures
10. Intellectual Property: IP ownership, licenses, and protection mechanisms
11. Confidentiality: Protection and handling of confidential information
12. Liability and Indemnification: Risk allocation, limitation of liability, and indemnification obligations
13. Force Majeure: Events excusing performance and related procedures
14. Dispute Resolution: Dispute resolution procedures, governing law, and jurisdiction
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Data Protection: Detailed data handling and privacy requirements when personal data processing is involved
2. Compliance: Specific regulatory compliance obligations for regulated industries
3. Insurance: Insurance requirements when significant operational risks are involved
4. Service Levels: Framework for service level requirements when applicable to the business relationship
5. Business Continuity: Business continuity and disaster recovery requirements for critical services
6. Security Requirements: IT and physical security requirements for technology or facility-related services
7. Change Control: Procedures for managing changes when complex operational arrangements are involved
8. Personnel: Key personnel requirements and obligations when specific expertise or resources are crucial
9. Audit Rights: Audit and inspection rights for regulated industries or complex service arrangements
1. Form of Sub-Agreement: Template or standard form for sub-agreements
2. Governance Procedures: Detailed procedures for contract governance and management
3. Price List: Standard pricing, rates, or fee structures
4. Service Specifications: General service or product specifications applicable across sub-agreements
5. Security Policies: Detailed security requirements and procedures
6. Contact Details: Key contacts and escalation matrix
7. Required Insurance: Detailed insurance requirements and minimum coverage
8. Compliance Requirements: Detailed compliance obligations and procedures
9. Change Request Form: Standard form for requesting and documenting changes
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Technology
Professional Services
Telecommunications
Manufacturing
Healthcare
Real Estate
Retail
Energy
Infrastructure
Transportation
Education
Media and Entertainment
Relevant Teams
Legal
Finance
Procurement
Compliance
Risk Management
Operations
Commercial
Business Development
Project Management
Vendor Management
Relevant Roles
General Counsel
Legal Director
Commercial Director
Chief Financial Officer
Chief Operating Officer
Procurement Manager
Contract Manager
Compliance Officer
Risk Manager
Business Development Director
Operations Director
Project Manager
Legal Counsel
Commercial Manager
Relationship Manager
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