Standard Intercompany Agreement Outline Template
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Standard Intercompany Agreement Outline
1. Introduction
Overview of the agreement between the two parties.
Names of the parties involved.
Effective date of the agreement.
Purpose of the agreement.
2. Definitions
Clarification of terms used throughout the agreement.
3. Scope of Services or Goods
Detailed description of the services or goods being provided.
Specific responsibilities of each party.
4. Term and Termination
Start and end date of the agreement.
Conditions for termination by either party.
Consequences of termination.
5. Payment Terms
Agreed upon payment amounts.
Payment schedule and method.
Penalties for late payments.
6. Confidentiality
Obligations regarding the protection of confidential information.
Duration of confidentiality obligation.
7. Intellectual Property
Ownership and rights over intellectual property.
Usage of intellectual property between the parties.
8. Governing Law
State law that governs the agreement.
Jurisdiction for dispute resolution (if applicable).
9. Liability and Indemnity
Liability of each party in case of failure to meet obligations.
Indemnification terms.
10. Force Majeure
Circumstances under which a party is not liable due to unforeseen events.
Procedures for dealing with force majeure events.
11. Dispute Resolution
Process for resolving disputes.
Mediation or arbitration clauses.
12. Miscellaneous
Miscellaneous terms such as amendments, waivers, and entire agreements.
Any other provisions not included in the previous sections.
13. Signatures
Signatures of authorized representatives of both parties.
Names and job titles of signatories.
Date of signing.
Templates
Agreement
Templates
