Intra-Company Agreement
I. Overview of the Agreement
This Intra-Company Agreement ("Agreement") is made and entered into on July 1, 2050, by and between:
[Your Company Name], a corporation duly organized under the laws of Michigan, with its principal office located at [Your Company Address], and
MultiCorp, a corporation duly organized under the laws of Michigan, located at Detroit, MI 48201.
The purpose of this Agreement is to establish clear terms and conditions for the provision of services, goods, and other intercompany transactions between the two entities.
II. Agreement Purpose and Scope
The scope of this Agreement includes:
The transfer of goods and services between [Your Company Name] and MultiCorp.
The establishment of pricing methodologies for intercompany transactions.
The clarification of terms related to intellectual property, confidential information, and the handling of financial obligations.
The terms in this Agreement are designed to comply with applicable laws and ensure a mutually beneficial relationship between the parties.
III. Terms of Service and Delivery
A. Goods and Services Provision
[Your Company Name] will provide the following goods and services to MultiCorp:
(List of goods and services to be provided by your company).
MultiCorp agrees to pay for the goods and services provided as per the agreed-upon terms, including any associated costs for shipping, handling, and installation where applicable.
B. Transfer of Goods
All goods provided by [Your Company Name] will be transferred in accordance with the following conditions:
Pricing will be based on the market rate or cost plus an agreed margin.
Delivery will be made within a mutually agreed timeframe and in compliance with relevant regulations.
C. Payment Terms
Payments for goods and services will be made by MultiCorp within 30 days of the receipt of an invoice from [Your Company Name].
In case of late payments, an interest charge of 1.5% per month will be applied.
IV. Confidentiality and Intellectual Property
A. Confidentiality
Both parties agree to keep all confidential information exchanged during the course of this Agreement strictly confidential. Confidential information includes, but is not limited to, business plans, financial data, and customer information.
B. Intellectual Property
Any intellectual property exchanged or developed as part of this Agreement, including trademarks, patents, copyrights, and trade secrets, shall remain the exclusive property of the originating party unless otherwise agreed.
V. Duration and Termination
A. Duration of Agreement
This Agreement will be effective from July 1, 2050, and will remain in effect for five (5) years, unless terminated earlier in accordance with the termination provisions.
B. Termination Clause
Either party may terminate this Agreement with 90 days’ written notice. In case of a breach of any term or condition, the non-breaching party may terminate the Agreement immediately upon notice.
VI. Dispute Resolution
Any dispute arising from or relating to this Agreement shall be resolved through binding arbitration in Phoenix, Arizona, under the rules of the American Arbitration Association.
VII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Michigan.
VIII. Signatories
For [Your Company Name]:
Name: [Your Name]
Job Title: Chief Legal Officer
Date: July 1, 2050
For MultiCorp:
Name: Clint Renner
Job Title: Chief Operating Officer
Date: July 1, 2050
For any questions or further clarification, please contact [Your Name] at [Your Email] or [Your Company Email].
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