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Intra Company Agreement Template for England and Wales

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Key Requirements PROMPT example:

Intra Company Agreement

"Need an Intra Company Agreement to establish service arrangements between our UK parent company and three European subsidiaries, including detailed transfer pricing provisions and staff secondment terms, to be effective from March 2025."

Document background
The Intra Company Agreement serves as a crucial document for formalizing arrangements between related entities within a corporate structure. This agreement, governed by English and Welsh law, is essential for companies looking to establish clear protocols for internal transactions, resource sharing, and service provision between group entities. It addresses key aspects such as transfer pricing, cost allocation, intellectual property rights, and compliance with regulatory requirements. The document is particularly important for multinational corporations and groups with complex organizational structures, helping to ensure transparency and proper governance in inter-company dealings.
Suggested Sections

1. Parties: Identification of group companies involved in the agreement

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Scope of Agreement: Details of services, goods, or arrangements covered

5. Financial Terms: Pricing, payment terms, and transfer pricing arrangements

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

7. Governing Law and Jurisdiction: Specification of English and Welsh law as governing law and jurisdiction

Optional Sections

1. Staff Transfers: Provisions for secondments or staff movements between group companies

2. Intellectual Property: IP ownership and licensing arrangements between group entities

3. Data Protection: Provisions for handling shared personal data between group entities

4. Compliance: Specific compliance obligations including anti-bribery, modern slavery, and sanctions

5. Tax Provisions: Specific tax-related obligations and arrangements between group entities

Suggested Schedules

1. Service Level Agreement: Detailed service specifications and performance metrics

2. Pricing Schedule: Detailed breakdown of charges and calculation methodologies

3. Transfer Pricing Documentation: Supporting documentation for transfer pricing arrangements

4. Group Structure Chart: Diagram showing relationship between participating entities

5. Data Processing Schedule: Detailed provisions regarding data sharing and processing between group entities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company operations, including related party transactions, directors' duties, and corporate governance requirements

Competition Act 1998: Regulates anti-competitive practices and provisions affecting arrangements between connected companies

Corporation Tax Act 2009: Key tax legislation governing corporate taxation aspects of intra-group transactions

TIOPA 2010: Transfer Pricing legislation ensuring arm's length pricing between connected entities

Value Added Tax Act 1994: Regulates VAT implications of intra-group supplies and services

Financial Services and Markets Act 2000: Relevant for regulated activities between group companies in the financial services sector

Employment Rights Act 1996: Governs employment aspects including staff transfers and secondments between group companies

UK GDPR and Data Protection Act 2018: Regulates data protection and sharing requirements between group entities

Modern Slavery Act 2015: Ensures compliance with modern slavery requirements across group operations

Bribery Act 2010: Anti-corruption legislation affecting intra-group transactions and operations

Sanctions and Export Control Legislation: Governs international trade restrictions and export controls affecting group companies

FCA/PRA Regulations: Financial regulatory framework applicable to regulated entities within the group

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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