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Intercompany Contract

Intercompany Contract Template for Ireland

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Key Requirements PROMPT example:

Intercompany Contract

"I need an Intercompany Contract to establish a shared services arrangement between our Irish parent company and its UK subsidiary, covering IT support, HR services, and accounting functions, with service commencement planned for March 2025."

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Document background
The Intercompany Contract serves as a fundamental document for establishing formal relationships between related companies operating within the same corporate group under Irish jurisdiction. This document is essential when companies within a group need to formalize their arrangements for sharing services, resources, or facilities, ensuring compliance with Irish company law, tax regulations, and transfer pricing requirements. It is particularly important in the context of Irish corporate structures where multinational companies often establish various entities for operational, tax, and regulatory purposes. The contract helps demonstrate arm's length relationships, supports tax compliance, and provides clear governance frameworks for intra-group arrangements, while addressing specific requirements under Irish law including Companies Act 2014 provisions and Central Bank regulations where applicable.
Suggested Sections

1. Parties: Identification of the related companies, including registration details and registered offices

2. Background: Context of the intercompany relationship and purpose of the agreement

3. Definitions: Defined terms used throughout the agreement

4. Scope of Services/Relationship: Detailed description of services or relationship between the companies

5. Financial Terms: Pricing, payment terms, and transfer pricing compliance provisions

6. Service Levels: Performance standards and quality requirements

7. Governance: Management structure, reporting requirements, and oversight mechanisms

8. Compliance: Regulatory compliance obligations and risk allocation

9. Confidentiality: Protection of confidential information between parties

10. Data Protection: GDPR compliance and data handling requirements

11. Term and Termination: Duration, renewal, and termination provisions

12. General Provisions: Standard legal provisions including notices, amendments, and governing law

Optional Sections

1. Intellectual Property: Required when the services involve creation, licensing or use of IP

2. Staff and Employment: Include when staff are being shared or seconded between companies

3. Insurance: Required when specific insurance coverage needs to be maintained

4. Business Continuity: Include for critical services or operations

5. Audit Rights: Include when regular auditing of services or financials is required

6. Tax Matters: Detailed tax provisions when complex tax implications exist

7. Change Control: Include when service scope may need regular updates

8. Force Majeure: Include for long-term or critical service arrangements

Suggested Schedules

1. Schedule 1 - Services Description: Detailed specification of services or arrangements

2. Schedule 2 - Charges and Payment Terms: Detailed pricing structure and payment mechanisms

3. Schedule 3 - Service Levels and KPIs: Detailed performance metrics and measurement criteria

4. Schedule 4 - Governance Procedures: Detailed governance and escalation procedures

5. Schedule 5 - Data Processing Agreement: GDPR-compliant data processing terms if applicable

6. Schedule 6 - Transfer Pricing Methodology: Detailed transfer pricing calculations and justification

7. Appendix A - Contact Details: Key contacts and notice details for both parties

8. Appendix B - Required Reports: Templates and specifications for required reporting

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

Technology

Manufacturing

Pharmaceutical

Professional Services

Retail

Healthcare

Energy

Telecommunications

Real Estate

Transport and Logistics

Relevant Teams

Legal

Finance

Tax

Compliance

Corporate Secretariat

Risk Management

Operations

Treasury

Corporate Development

Internal Audit

Relevant Roles

Chief Financial Officer

Head of Legal

Tax Director

Company Secretary

Compliance Officer

Financial Controller

Legal Counsel

Transfer Pricing Manager

Group Financial Director

Head of Corporate Affairs

Risk Manager

Operations Director

Commercial Director

Chief Operating Officer

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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