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Intercompany Agreement Between Parent And Subsidiary
"I need an Intercompany Agreement Between Parent And Subsidiary for our Malaysian manufacturing company and its new subsidiary, covering shared services including HR, IT, and accounting support, with implementation planned for March 2025 and specific focus on transfer pricing compliance."
1. Parties: Identification of the parent company and subsidiary company, including registration numbers and registered addresses
2. Background: Context of the agreement, including the parent-subsidiary relationship and purpose of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Agreement: Overview of the services, support, or arrangements covered by the agreement
5. Rights and Obligations: Detailed responsibilities and rights of both parent and subsidiary companies
6. Financial Terms: Payment terms, pricing mechanisms, and transfer pricing considerations
7. Governance and Control: Management structure, reporting requirements, and decision-making processes
8. Intellectual Property Rights: Ownership and usage rights of intellectual property between parties
9. Confidentiality: Protection of confidential information and trade secrets
10. Compliance: Obligations to comply with relevant laws, regulations, and corporate policies
11. Term and Termination: Duration of agreement and circumstances for termination
12. General Provisions: Standard legal provisions including notices, amendments, and governing law
1. Service Level Requirements: Specific performance standards and metrics, used when the agreement includes service provision
2. Staff and Resources: Terms regarding shared employees or resources, included when there are shared services arrangements
3. Technology and Systems: Terms for shared IT systems and technology infrastructure, needed when technology sharing is involved
4. Corporate Support Services: Details of support services provided by parent company, used in shared services arrangements
5. Risk Allocation: Specific risk sharing arrangements, important for regulated industries or high-risk activities
6. Group Policies: Incorporation of group-wide policies, relevant when standardizing operations across the group
7. Audit Rights: Detailed audit provisions, important for regulated industries or complex financial arrangements
1. Schedule 1 - Services Description: Detailed description of services or arrangements covered by the agreement
2. Schedule 2 - Pricing and Payment Terms: Detailed pricing mechanisms, payment schedules, and transfer pricing methodology
3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements
4. Schedule 4 - Key Personnel: List of key personnel and their roles in managing the relationship
5. Schedule 5 - Compliance Requirements: Detailed compliance obligations and reporting requirements
6. Appendix A - Group Policies: Relevant group policies that apply to the relationship
7. Appendix B - Technical Requirements: Technical specifications or requirements for shared systems or services
8. Appendix C - Reporting Templates: Standard templates for required reports and documentation
Authors
Manufacturing
Financial Services
Technology
Retail
Healthcare
Energy
Transportation
Professional Services
Real Estate
Telecommunications
Consumer Goods
Industrial Services
Legal
Finance
Compliance
Tax
Corporate Secretarial
Risk Management
Corporate Governance
Operations
Treasury
Internal Audit
Chief Executive Officer
Chief Financial Officer
Legal Director
Corporate Secretary
Head of Compliance
Finance Director
Tax Director
Operations Director
Group General Counsel
Corporate Governance Officer
Transfer Pricing Manager
Risk Management Officer
Group Financial Controller
Managing Director
Company Director
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