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.

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