抖阴短视频

Master Intercompany Agreement Template for Philippines

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Key Requirements PROMPT example:

Master Intercompany Agreement

"I need a Master Intercompany Agreement for a Philippine technology group with five local subsidiaries, focusing on shared IT services and software licensing, with special attention to data privacy and intellectual property protection."

Document background
The Master Intercompany Agreement serves as the foundational document for managing relationships between affiliated entities within a corporate group operating in or from the Philippines. This agreement becomes necessary when a group of companies needs to establish a formal framework for providing services, sharing resources, or conducting regular business transactions between related entities. The document comprehensively addresses key aspects such as service scope, pricing mechanisms, governance structures, and compliance requirements, ensuring alignment with Philippine transfer pricing regulations, tax laws, and corporate governance requirements. It is particularly crucial for multinational corporations with Philippine operations or domestic groups with multiple subsidiaries, providing a standardized approach to intercompany dealings while maintaining flexibility for specific business needs.
Suggested Sections

1. Parties: Identification of the participating group companies and their legal status

2. Background: Context of the group structure and purpose of the agreement

3. Definitions: Comprehensive definitions of terms used throughout the agreement

4. Scope of Agreement: Overview of covered services, transactions, and relationships

5. Service Provisions: General terms governing the provision of intercompany services

6. Pricing Principles: Transfer pricing methodology and pricing determination principles

7. Payment Terms: Payment conditions, timing, currency, and settlement procedures

8. Intellectual Property Rights: Management and protection of IP within the group

9. Confidentiality: Protection of confidential information and trade secrets

10. Data Protection: Compliance with data privacy laws and data handling procedures

11. Audit Rights: Rights to audit and inspect records related to intercompany transactions

12. Term and Termination: Duration of agreement and termination provisions

13. Governing Law: Application of Philippine law and jurisdiction

14. Dispute Resolution: Procedures for resolving disputes between group companies

15. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.

Optional Sections

1. Tax Compliance: Specific section on tax compliance and reporting requirements, needed when significant cross-border transactions are involved

2. Employee Transfers: Terms for secondment or transfer of employees between group companies, required when staff sharing is contemplated

3. Quality Standards: Quality requirements and KPIs, needed for manufacturing or technical service arrangements

4. Insurance: Insurance requirements and allocation of risk, important for high-risk activities

5. Environmental Compliance: Environmental standards and compliance requirements, necessary for manufacturing or operations with environmental impact

6. Force Majeure: Detailed force majeure provisions, recommended for long-term critical services

7. Anti-Corruption: Anti-corruption and compliance provisions, essential when dealing with government contracts or high-risk jurisdictions

Suggested Schedules

1. Schedule 1 - Participating Group Companies: List of all group companies participating in the agreement with their details

2. Schedule 2 - Services Description: Detailed description of all intercompany services covered

3. Schedule 3 - Pricing Schedule: Detailed pricing methodologies and rates for different services

4. Schedule 4 - Service Levels: Service level agreements and performance metrics

5. Schedule 5 - Allocation Keys: Cost allocation methodologies and keys for shared services

6. Schedule 6 - Standard Operating Procedures: Detailed procedures for key operational aspects

7. Appendix A - Template Service Order: Standard form for requesting specific services under the agreement

8. Appendix B - Financial Reporting Templates: Templates for financial reporting and invoicing

9. Appendix C - Compliance Certificates: Required compliance and governance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

















































Clauses












































Relevant Industries

Manufacturing

Technology

Financial Services

Consumer Goods

Healthcare

Professional Services

Energy

Real Estate

Telecommunications

Retail

Logistics

Industrial Services

Relevant Teams

Legal

Finance

Tax

Compliance

Treasury

Internal Audit

Risk Management

Corporate Governance

Operations

Commercial

Accounting

Strategy

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Head of Legal

Corporate Secretary

Tax Director

Finance Director

Compliance Officer

Transfer Pricing Manager

Group Controller

Operations Director

Commercial Director

Risk Manager

Internal Audit Manager

Treasury Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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