Intercompany Administrative Services Agreement
I. Overview of the Agreement
This Intercompany Administrative Services Agreement ("Agreement") is entered into on October 10, 2050, by and between:
[Your Company Name], a corporation duly organized under the laws of Oregon, with its principal office located at [Your Company Address], and
Duofort, a corporation duly organized under the laws of Oregon, with its principal office located at Portland, OR 97201.
This Agreement sets forth the terms and conditions under which [Your Company Name] will provide administrative services to Duofort, ensuring the smooth operation and effective management of various business functions.
II. Purpose and Scope
A. Purpose
The primary purpose of this Agreement is to establish a framework for the provision of administrative services by [Your Company Name] to Duofort. These services are designed to support the ongoing operations and business growth of Duofort through efficient management of key administrative functions.
B. Scope of Services
The administrative services to be provided under this Agreement include, but are not limited to:
Human resources management, including recruitment, training, and employee relations.
Financial services, including bookkeeping, accounting, and payroll processing.
Office management and supply chain coordination.
IT support and infrastructure management.
Legal and compliance assistance, including contract review and regulatory filings.
Marketing and communications services.
III. Responsibilities of Each Party
A. [Your Company Name] Responsibilities
Provide qualified personnel to manage and oversee the services listed in Section II-B.
Ensure that all administrative services are carried out in a timely, professional, and efficient manner, adhering to agreed standards.
Supply necessary materials and resources, including technology, office supplies, and relevant tools, to facilitate service delivery.
Ensure that all legal and regulatory requirements related to the administrative services are met.
B. Duofort Responsibilities
Provide necessary access to facilities, systems, and information required for the efficient delivery of administrative services.
Make timely payments for the services rendered by [Your Company Name], in accordance with the payment terms outlined below.
Provide feedback on services rendered to ensure continuous improvement and alignment with the company’s needs.
IV. Payment Terms
A. Fee Structure
In consideration of the administrative services provided by [Your Company Name], Duofort agrees to pay the following fees:
$100,000 annually for the comprehensive administrative services provided under this Agreement.
Additional fees for specialized services, such as legal consultations, shall be agreed upon in writing by both parties.
B. Payment Schedule
Payments will be made on a quarterly basis, with invoices to be issued by [Your Company Name] at the beginning of each quarter.
Payments are due within 30 days from the date of the invoice. Late payments will incur a charge of 1.5% per month on the outstanding amount.
V. Term and Termination
A. Duration of Agreement
This Agreement shall be effective as of October 10, 2050, and shall continue for an initial period of two (2) years, unless terminated earlier in accordance with the termination provisions outlined in this section.
B. Termination Clause
Either party may terminate this Agreement by providing 90 days’ written notice to the other party.
In the event of a material breach of this Agreement, the non-breaching party may terminate the Agreement immediately, upon providing written notice to the breaching party.
VI. Confidentiality and Data Protection
A. Confidentiality
Both parties agree to keep all information exchanged during the course of this Agreement confidential, including business plans, financial data, and employee records. Neither party shall disclose such information to third parties without prior written consent from the disclosing party, except where required by law.
B. Data Protection
Each party agrees to comply with applicable data protection regulations, ensuring that personal data is handled securely and in accordance with [Your Company Name]’s privacy policies.
VII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Oregon, without regard to its conflict of law principles.
VIII. Signatories
For [Your Company Name]:
Name: [Your Name]
Job Title: Chief Operating Officer
Date: October 10, 2050
For Duofort:
Name: Floyd Cremin
Job Title: Chief Administrative Officer
Date: October 10, 2050
For any questions or clarification regarding this Agreement, please contact [Your Name] at [Your Email] or [Your Company Email].
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