The Intercompany Cost Plus Agreement is essential for multinational companies operating in India that engage in intra-group service arrangements. This document is particularly crucial when one entity provides services to another related entity within the same corporate group, requiring a structured approach to pricing and cost allocation. The agreement ensures compliance with Indian transfer pricing regulations, which mandate that related-party transactions be conducted at arm's length. It typically includes detailed cost calculations, markup methodologies, and service specifications, while addressing requirements under key Indian legislation such as the Income Tax Act, Companies Act, and GST laws. This type of agreement is commonly used in shared service arrangements, management services, technical support, and other intra-group service provisions where systematic cost allocation and pricing documentation are necessary for regulatory compliance.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the service provider and service recipient companies, including registration details and addresses
2. Background: Context of the agreement, relationship between parties, and brief description of the business purpose
3. Definitions: Definitions of key terms used in the agreement, including 'Costs', 'Markup', 'Services', and other relevant terms
4. Scope of Services: Detailed description of services to be provided by the service provider to the service recipient
5. Cost Determination: Methodology for calculating the cost base, including direct and indirect costs, allocation methods
6. Markup Structure: Specification of the agreed markup percentage and its application
7. Billing and Payment Terms: Invoicing frequency, payment terms, currency, and payment methods
8. Service Levels: Performance standards, quality requirements, and delivery specifications
9. Documentation and Records: Requirements for maintaining supporting documentation for costs and services
10. Term and Termination: Duration of the agreement and conditions for termination
11. Compliance and Governance: Transfer pricing compliance, regulatory requirements, and governance structure
12. Confidentiality: Protection of confidential information exchanged during service provision
13. Dispute Resolution: Process for resolving disputes between parties
14. General Provisions: Standard clauses including notices, amendments, governing law, etc.
1. Intellectual Property Rights: Include when services involve creation or use of intellectual property
2. Employee Obligations: Include when employees are deployed or seconded as part of services
3. Insurance and Indemnity: Include when services involve significant operational risks
4. Data Protection: Include when personal data processing is involved in services
5. Force Majeure: Include when services are critical and need contingency provisions
6. Anti-Corruption Compliance: Include when dealing with international parties or government contracts
7. Change Control Procedure: Include when scope of services likely to evolve significantly
1. Schedule 1 - Detailed Service Description: Comprehensive list and description of all services covered
2. Schedule 2 - Cost Components: Detailed breakdown of cost elements and calculation methodology
3. Schedule 3 - Markup Calculation: Formula and examples of markup calculation
4. Schedule 4 - Service Levels and KPIs: Detailed performance metrics and measurement criteria
5. Schedule 5 - Approved Personnel: List of key personnel involved in service delivery if applicable
6. Appendix A - Transfer Pricing Documentation: Templates and requirements for transfer pricing compliance
7. Appendix B - Invoice Format: Standard format for invoices and supporting documents
8. Appendix C - Escalation Matrix: Contact details and escalation procedure for issues
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Pharmaceutical
Financial Services
Automotive
Consumer Goods
Professional Services
Telecommunications
Energy and Utilities
Healthcare
Relevant Teams
Legal
Finance
Tax
Compliance
Treasury
Corporate Affairs
Operations
Shared Services
Transfer Pricing
Internal Audit
Relevant Roles
Chief Financial Officer
Transfer Pricing Manager
Tax Director
Legal Counsel
Compliance Officer
Finance Manager
Group Controller
Commercial Director
Head of Shared Services
Operations Manager
Financial Controller
Corporate Counsel
Tax Manager
Finance Director
Group Financial Controller
Find the exact document you need
Assignment And Transfer Of Partnership Rights
An Indian law-compliant agreement for transferring partnership rights and interests from one party to another, including associated rights, obligations, and liabilities.
Download
Assignment On Intellectual Property Rights
An Indian law-governed agreement for transferring intellectual property rights from an Assignor to an Assignee, ensuring complete and legally compliant transfer of IP ownership.
Download
Shop Ownership Transfer Agreement
An Indian law-governed agreement facilitating the complete transfer of shop ownership, including property rights, business assets, and operational responsibilities from seller to buyer.
Download
Trademark Assignment
An Indian law-governed agreement for transferring trademark ownership rights from one party to another, requiring registration with the Indian Trademark Registry.
Download
Confirmatory Patent Assignment
An Indian law-compliant document that confirms and formalizes a previous transfer of patent rights between parties, ensuring clear title and legal compliance.
Download
Money Transfer Contract
An Indian law-governed agreement establishing terms for monetary transfers between parties, ensuring regulatory compliance and defining transfer mechanics.
Download
Transfer Contract
An Indian law-governed agreement facilitating the formal transfer of assets, property, or rights between parties, ensuring legal compliance and protection of interests.
Download
Assignment Of Intellectual Property Rights
An Indian law-governed agreement for transferring intellectual property rights from one party to another, ensuring legal compliance and protection of transferred IP assets.
Download
Employee Transfer Agreement
An India-compliant agreement facilitating the formal transfer of an employee between employers while maintaining employment rights and benefits.
Download
Business Asset Transfer Agreement
An Indian law-governed agreement for the transfer of business assets between entities, detailing terms of sale, asset specifics, and transfer mechanics.
Download
Simple Business Sale Agreement
An Indian law-governed agreement for the sale and purchase of a business, outlining key terms and conditions for ownership transfer.
Download
Partial Assignment Of Lease
An Indian law-compliant agreement that enables the transfer of partial lease rights from an existing tenant to a new tenant while maintaining certain rights with the original tenant.
Download
Note Transfer Agreement
An Indian law-governed agreement facilitating the transfer of a promissory note from one holder to another, including terms of transfer and associated rights.
Download
Interest Transfer Agreement
An Indian law-governed agreement facilitating the transfer of interests in property, assets, or rights between parties, ensuring compliance with local registration and stamp duty requirements.
Download
Equity Transfer Contract
An Indian law-governed agreement for the transfer of equity shares between parties, detailing terms, conditions, and regulatory compliance requirements.
Download
Domain Transfer Agreement
An Indian law-governed agreement facilitating the legal transfer of domain name ownership between parties, ensuring compliance with both domestic IT laws and international domain policies.
Download
Business Transfer Of Ownership Contract
An Indian law-governed agreement facilitating the complete transfer of business ownership from one party to another, including assets, employees, and liabilities.
Download
Business Lease Transfer Agreement
An Indian law-governed agreement facilitating the transfer of commercial lease rights and business interests between lessees, with landlord's consent.
Download
Assignment Of Sublease
A legal document under Indian law that transfers sublease rights and obligations from an existing subtenant to a new subtenant, requiring proper registration and compliance with property laws.
Download
Assignment Of Limited Partnership Interest
An Indian law-governed agreement for transferring limited partnership interests from one party to another, compliant with Indian partnership legislation.
Download
Brand Transfer Agreement
An Indian law-governed agreement for transferring ownership of brand assets, including trademarks and associated intellectual property rights, from one entity to another.
Download
Facility Transfer Agreement
An Indian law-governed agreement facilitating the comprehensive transfer of facility ownership and operational control between entities, ensuring regulatory compliance and structured transition.
Download
Small Business Transfer Agreement
An Indian law-governed agreement facilitating the complete transfer of a small business from seller to buyer, including assets, operations, and liabilities.
Download
Loan Takeover Agreement
An agreement governed by Indian law that facilitates the transfer of an existing loan facility from one lender to another, including associated rights and obligations.
Download
Assignment And Transfer Of Copyright
An Indian law-governed agreement for transferring copyright ownership from one party to another, compliant with the Indian Copyright Act, 1957.
Download
Transfer Of Property Rights Agreement
An Indian law-compliant agreement facilitating the legal transfer of property rights between parties, governed by the Transfer of Property Act, 1882.
Download
Software Source Code Transfer Agreement
An Indian law-governed agreement for transferring ownership and rights of software source code between parties, including all associated intellectual property rights.
Download
Intercompany Employee Transfer Agreement
An India-compliant agreement governing temporary employee transfers between related companies, addressing employment terms, benefits, and regulatory requirements.
Download
Assignment Of Lease Contract
An Indian law-compliant agreement that transfers lease rights from an existing tenant to a new tenant, with landlord's consent and necessary legal safeguards.
Download
Assignment Of Interest Agreement
An Indian law-governed agreement facilitating the transfer of rights, titles, or interests from an Assignor to an Assignee, with associated terms and conditions.
Download
Promissory Note Transfer Agreement
An Indian law-governed agreement documenting the transfer of a promissory note from one holder to another, ensuring legal compliance and enforceability.
Download
Music Copyright Transfer Agreement
An Indian law-governed agreement for transferring copyright ownership of musical works, compliant with the Indian Copyright Act, 1957, and its amendments.
Download
Agreement To Transfer Shares Of Private Limited Company
An Indian law-governed agreement facilitating the transfer of shares between parties in a private limited company, ensuring compliance with the Companies Act, 2013.
Download
Vehicle Ownership Transfer Agreement
A legally binding agreement for vehicle ownership transfer in India, compliant with the Motor Vehicles Act and state regulations.
Download
Assignment Of Lease By Landlord
An Indian law-compliant document transferring a landlord's lease rights and obligations to a new landlord while preserving existing tenant arrangements.
Download
Stock Transfer Restriction Agreement
An Indian law-governed agreement that establishes restrictions and procedures for share transfers in private companies, protecting existing shareholders' interests.
Download
Software Ownership Transfer Agreement
An Indian law-governed agreement for transferring complete ownership rights of software, including IP rights, source code, and related assets.
Download
Simple IP Assignment Agreement
An Indian law-governed agreement for transferring intellectual property rights from one party to another, ensuring legal compliance and clear ownership transfer.
Download
Project Transfer Agreement
An Indian law-governed agreement facilitating the transfer of a project between entities, including assets, liabilities, and associated rights and obligations.
Download
Transfer Of Land Ownership Agreement
An Indian law-compliant agreement facilitating the legal transfer of land ownership between parties, incorporating essential transfer terms and regulatory requirements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)