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Intercompany Agreement Between Parent And Subsidiary
"I need an Intercompany Agreement between Parent and Subsidiary under Irish law for a tech company's shared services arrangement, where the parent company will provide IT, HR, and financial services to its newly established Irish subsidiary starting from March 2025."
1. Parties: Identification of the parent company and subsidiary, including registered addresses and company numbers
2. Background: Context of the agreement, relationship between parties, and purpose of the arrangement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Scope of Services/Relationship: Detailed description of services, support, or arrangements between the companies
5. Financial Arrangements: Payment terms, pricing methodology, invoicing, and payment procedures
6. Transfer Pricing Compliance: Provisions ensuring compliance with transfer pricing regulations and arm's length principles
7. Governance and Control: Decision-making processes, reporting requirements, and oversight mechanisms
8. Intellectual Property Rights: Ownership and licensing of IP between parent and subsidiary
9. Confidentiality: Protection of confidential information shared between group companies
10. Duration and Termination: Term of agreement, renewal provisions, and termination rights
11. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Data Protection: Required when personal data is shared between entities, detailing GDPR compliance measures
2. Employee Matters: Include when there are shared employees or secondment arrangements
3. Tax Indemnities: Specific tax-related provisions when complex tax arrangements exist
4. Regulatory Compliance: Required for regulated industries or when specific regulatory obligations apply
5. Group Policies: Reference to group-wide policies when standardization across entities is required
6. Service Levels: Include when specific performance metrics need to be maintained
7. Audit Rights: Detailed audit provisions when required by regulatory or internal compliance
8. Insurance: Specific insurance requirements when risk allocation needs to be addressed
1. Schedule 1 - Services Description: Detailed specification of services or arrangements between the parties
2. Schedule 2 - Charging Methodology: Detailed pricing structure and calculations for intercompany charges
3. Schedule 3 - Service Levels: Performance metrics and service level requirements if applicable
4. Schedule 4 - Governance Procedures: Detailed procedures for oversight and decision-making
5. Appendix A - Contact Details: Key contacts and notice details for both parties
6. Appendix B - Group Policies: List of applicable group policies and procedures
7. Appendix C - Transfer Pricing Documentation: Required documentation and methodologies for transfer pricing compliance
8. Appendix D - Data Processing Terms: Detailed GDPR compliance terms if personal data is processed
Authors
Financial Services
Technology
Manufacturing
Pharmaceutical
Retail
Professional Services
Energy
Transportation
Healthcare
Real Estate
Telecommunications
Construction
Agriculture
Mining
Media and Entertainment
Legal
Finance
Tax
Compliance
Treasury
Corporate Governance
Risk Management
Operations
Company Secretariat
Internal Audit
Strategy
Corporate Development
Chief Executive Officer
Chief Financial Officer
General Counsel
Head of Tax
Finance Director
Company Secretary
Corporate Lawyer
Tax Manager
Transfer Pricing Specialist
Group Financial Controller
Compliance Officer
Risk Manager
Treasury Manager
Operations Director
Commercial Director
Head of Legal
Corporate Governance Manager
International Tax Director
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