Legal Intercompany Agreement Format
This Legal Intercompany Agreement ("Agreement") is made and entered into as of [Date], by and between:
Party A:
[Your Company Name]
[Your Company Address]
[State], [Postal Code]
Represented by: [Authorized Signatory]
[Job Title of Authorized Signatory]
Party B:
[Company Name]
[Company Address]
[State], [Postal Code]
Represented by: [Authorized Signatory]
[Job Title of Authorized Signatory]
RECITALS
This Agreement is made with the following considerations in mind:
[State the purpose of the agreement, outlining the intercompany relationship and any key transactions or collaboration.]
[Briefly describe any terms related to services, products, or resources being exchanged.]
1. DEFINITIONS
"Intercompany Services": [Provide a detailed definition of services provided between the companies.]
"Confidential Information": [Define confidential information that should not be disclosed without authorization.]
2. PURPOSE AND SCOPE
The purpose of this Agreement is to set forth the terms and conditions under which the Parties will engage in intercompany collaboration for [Specify business activities].
3. TERM
This Agreement shall begin on [Start Date] and shall remain in effect until [End Date] unless terminated earlier in accordance with Section [X] of this Agreement.
4. OBLIGATIONS OF THE PARTIES
Party A's Obligations:
[Detail the responsibilities of Party A, such as services or products provided, reporting requirements, etc.]
Party B's Obligations:
5. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
6. PAYMENT TERMS
Amount: [Specify the amount to be paid by each party, if applicable.]
Payment Method: [Detail the method of payment, such as bank transfer, check, etc.]
Payment Schedule: [Outline the payment terms, such as due dates or milestones.]
7. CONFIDENTIALITY
Each party agrees to maintain the confidentiality of the other party's proprietary and confidential information, using the same degree of care as it uses with its own confidential information.
8. TERMINATION
Termination for Convenience: Either party may terminate this Agreement with [X] days’ written notice.
Termination for Cause: Either party may terminate this Agreement immediately if there is a breach of any material terms.
9. DISPUTE RESOLUTION
Any dispute arising under this Agreement shall be resolved through mediation in the State of [State]. If mediation fails, the dispute shall be resolved by arbitration.
10. SIGNATURES
For [Company Name] (Party A):
Signature: ________________________
Name: [Authorized Signatory Name]
Job Title: [Authorized Signatory Title]
Date: [Date]
For [Company Name] (Party B):
Signature: ________________________
Name: [Authorized Signatory Name]
Job Title: [Authorized Signatory Title]
Date: [Date]
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