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Intercompany Assignment Agreement
"I need an Intercompany Assignment Agreement for transferring a senior software engineer from our London office to our Singapore subsidiary for 18 months starting March 2025, with specific provisions for intellectual property protection and family relocation support."
1. Parties: Identifies the companies involved in the assignment (Home Company, Host Company, and Employee)
2. Background: Sets out the context of the assignment and the relationship between the parties
3. Definitions: Defines key terms used throughout the agreement
4. Assignment Terms: Details of the assignment duration, location, and role
5. Employment Status: Clarifies continued employment relationship with Home Company
6. Compensation and Benefits: Details of salary, benefits, and which company is responsible for what
7. Duties and Obligations: Responsibilities of each party during the assignment
8. Termination: Conditions and process for ending the assignment
9. Governing Law: Specification of applicable law and jurisdiction
1. Tax Equalization: Details of tax arrangements between parties - used for international assignments or where tax implications are complex
2. Relocation Provisions: Details of relocation support and expenses - used when assignment requires physical relocation
3. Immigration Support: Responsibilities for visa/work permit arrangements - used for international assignments
4. Family Support: Provisions for family members - used when assignment includes family relocation
5. Emergency Procedures: Protocols for emergencies or early termination - used for high-risk locations or long-term assignments
1. Assignment Details Schedule: Detailed description of role, responsibilities, and reporting lines
2. Compensation Schedule: Detailed breakdown of salary, benefits, allowances, and payment arrangements
3. Benefits Schedule: Details of all benefits provided during the assignment
4. Tax Schedule: Detailed tax arrangements and responsibilities
5. Company Policies: Relevant policies from both Home and Host companies
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