Intercompany Agreement
I. Background
This Intercompany Agreement ("Agreement") is entered into as of this date, January 1, 2050, by and between [Your Company Name], a corporation organized and existing under the laws of Washington, with its principal office located at [Your Company Address], and WinGroup, a corporation organized and existing under the laws of Washington, with its principal office located at Seattle, WA 98101.
[Your Company Name] and WinGroup may collectively be referred to as the "Parties" or individually as a "Party."
This Agreement is intended to set forth the terms and conditions under which the Parties will engage in mutually beneficial activities, including but not limited to financial, operational, and resource-sharing initiatives.
II. Purpose
The purpose of this Agreement is to define the terms of the collaboration between [Your Company Name] and WinGroup in the following areas:
III. Terms and Conditions
1. Scope of Collaboration
The Parties agree to collaborate on the following areas:
Research and Development: The Parties will jointly fund and participate in research and development activities aimed at developing new products and services.
Marketing and Sales: [Your Company Name] and WinGroup will share marketing resources to promote each other's products and services.
Financial Arrangements: Specific financial terms, including payment methods and schedules, will be established in separate annexes as agreed upon by both Parties.
2. Obligations of Each Party
3. Confidentiality
Each Party agrees to maintain the confidentiality of any proprietary or confidential information exchanged during the course of the collaboration. This obligation shall continue for a period of five (5) years after the termination of this Agreement.
IV. Payment Terms
The Parties will agree on specific financial terms, which will include payment amounts, payment schedules, and methods. Any payments made under this Agreement will be outlined in individual invoices that will be agreed upon before execution.
V. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of Washington. Any disputes arising under this Agreement shall be resolved through binding arbitration in Washington, following the arbitration rules set by Washington.
VI. Term and Termination
1. Term of Agreement
This Agreement shall remain in effect until December 31, 2050, unless terminated earlier as provided herein.
2. Termination for Convenience
Either Party may terminate this Agreement for any reason by providing thirty (30) days written notice to the other Party.
3. Termination for Breach
Either Party may terminate this Agreement immediately if the other Party breaches any material term of the Agreement and fails to cure the breach within fifteen (15) days of receiving notice of such breach.
VII. Signatory Section
This Agreement is executed by the duly authorized representatives of the Parties.
For [Your Company Name]:
Name: [Your Name]
Job Title: Legal Director
[Your Name]
Date: January 1, 2050
For WinGroup:
Name: Sigmund Corwin
Job Title: Chief Executive Officer
Sigmund Corwin
Date: January 1, 2050
For any inquiries or further information, please contact [Your Name] at [Your Email] or [Your Company Email].
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