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Inter Company Services Agreement
"Need an Inter Company Services Agreement for our UK parent company to provide IT support services to our German subsidiary, including data processing terms and staff secondment provisions, to be effective from March 2025."
1. Parties: Identification and details of the service provider and recipient companies
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of services to be provided
5. Payment Terms: Fees, payment schedule, and invoicing arrangements
6. Service Levels: Performance standards and metrics
7. Term and Termination: Duration of agreement and termination provisions
8. Confidentiality: Protection of confidential information
9. Liability and Indemnification: Risk allocation between parties
10. Governing Law: Applicable law and jurisdiction
1. Data Protection: GDPR compliance provisions for personal data processing
2. Staff Transfer: Terms for secondment or transfer of employees between companies
3. Intellectual Property: IP ownership and licensing provisions for created or used IP
4. Force Majeure: Provisions for handling unforeseeable circumstances affecting service delivery
5. Insurance: Required insurance coverage for high-risk services
1. Service Description Schedule: Detailed specification of services to be provided
2. Charges Schedule: Detailed pricing and payment terms including rate cards
3. Service Levels Schedule: Detailed performance metrics and KPIs
4. Data Processing Schedule: Details of data processing activities and safeguards
5. Staff Transfer Schedule: Details of any staff transfers or secondments between companies
6. Change Control Procedure: Process for managing changes to services or agreement terms
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