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Master Agreement And Sub Agreement
"Need a Master Agreement and Sub Agreement structure to establish a long-term technology services relationship with multiple subsidiaries across APAC region, with specific focus on data protection and IP rights for software development services starting January 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Structure of Agreement: Relationship between master and sub-agreements, including process for entering into sub-agreements
5. Term and Termination: Duration of the master agreement and sub-agreements, termination rights and consequences
6. Representations and Warranties: Standard and specific representations and warranties made by each party
7. Liability and Indemnification: Limitations of liability and indemnification obligations
8. Confidentiality: Protection of confidential information exchanged under the agreement
9. Dispute Resolution: Process for resolving disputes between parties
10. Governing Law: Applicable law and jurisdiction governing the agreement
1. Data Protection: Provisions relating to processing of personal data and compliance with privacy laws
2. Intellectual Property: Rights and obligations regarding intellectual property created or used under the agreement
3. Force Majeure: Provisions dealing with circumstances beyond parties' reasonable control
4. Compliance with Laws: Specific obligations regarding regulatory compliance and industry standards
5. Insurance: Insurance requirements and obligations
1. Form of Sub-Agreement: Template or standard form for individual sub-agreements
2. Service Levels: Performance metrics, standards and related remedies
3. Pricing Schedule: Fee structure, payment terms and pricing mechanisms
4. Key Personnel: List of key contacts and authorized representatives
5. Governance Procedures: Contract management and escalation procedures
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