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Intra Company Agreement

Intra Company Agreement Template for Ireland

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Key Requirements PROMPT example:

Intra Company Agreement

"I need an Intra Company Agreement under Irish law for establishing a shared services arrangement between our Dublin-based parent company and its UK subsidiary, with the agreement to take effect from March 1, 2025, focusing particularly on IT services and data protection compliance."

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Document background
The Intra Company Agreement is essential for formalizing relationships between affiliated companies operating within the same corporate group in Ireland. This document is typically used when establishing or updating arrangements between parent companies, subsidiaries, and sister companies for services, resource sharing, or operational cooperation. It addresses key aspects such as transfer pricing, service levels, intellectual property rights, data protection, and financial arrangements, ensuring compliance with Irish corporate law and EU regulations. The agreement is particularly important for multinational companies with Irish operations, as it helps demonstrate proper corporate governance and compliance with tax authorities' requirements for related party transactions. It should be regularly reviewed and updated to reflect changes in group structure, services provided, or regulatory requirements.
Suggested Sections

1. Parties: Identification of the group companies entering into the agreement

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

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Scope of Agreement: Details of the cooperation, services, or arrangements between the group companies

5. Duration and Termination: Term of the agreement and circumstances for termination

6. Financial Provisions: Payment terms, transfer pricing arrangements, and invoicing procedures

7. Confidentiality: Protection of group company information and trade secrets

8. Data Protection: GDPR compliance and data handling requirements

9. Intellectual Property: Ownership and licensing of IP between group companies

10. Compliance with Laws: Commitment to comply with relevant regulations and laws

11. Dispute Resolution: Process for resolving disputes between group companies

12. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law

Optional Sections

1. Service Levels: Specific performance standards and metrics, used when agreement includes service provision

2. Employee Transfers: Terms for secondments or transfers, included when staff movements are part of the arrangement

3. Insurance: Insurance requirements, included for high-risk activities or regulatory compliance

4. Tax Provisions: Detailed tax arrangements, included for complex transfer pricing or cross-border arrangements

5. Audit Rights: Rights to audit compliance, included for regulated industries or complex financial arrangements

6. Force Majeure: Provisions for unexpected events, included for long-term or critical business arrangements

7. Competition Compliance: Specific competition law provisions, included when activities could raise antitrust concerns

Suggested Schedules

1. Schedule 1 - Services: Detailed description of services or cooperation arrangements

2. Schedule 2 - Charges: Detailed pricing structure and payment terms

3. Schedule 3 - Service Levels: Performance metrics and measurement criteria

4. Schedule 4 - Data Processing Agreement: GDPR-compliant data processing terms

5. Schedule 5 - Transfer Pricing Methodology: Detailed transfer pricing calculations and methodology

6. Schedule 6 - Group Companies: List of affiliated companies covered by the agreement

7. Appendix A - Contact Details: Key contacts and notice details for each party

8. Appendix B - Standard Operating Procedures: Operational procedures and workflows

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Affiliate
Agreement
Applicable Law
Business Day
Charges
Commencement Date
Company Group
Confidential Information
Control
Data Protection Laws
Effective Date
Force Majeure Event
Group Company
Initial Term
Intellectual Property Rights
Interest Rate
Material Breach
Parent Company
Personal Data
Related Party
Services
Service Levels
Shared Services
Subsidiary
Term
Territory
Transfer Pricing
Working Hours
Change Control
Compliance Requirements
Dispute
Good Industry Practice
Group Policies
Key Personnel
Notice
Operating Procedures
Payment Terms
Performance Standards
Records
Regulatory Requirements
Service Provider
Service Recipient
Termination Date
Third Party
VAT
Relevant Industries

Financial Services

Technology

Manufacturing

Pharmaceutical

Professional Services

Retail

Energy

Telecommunications

Healthcare

Transport and Logistics

Consumer Goods

Media and Entertainment

Relevant Teams

Legal

Finance

Tax

Compliance

Treasury

Corporate Governance

Operations

Procurement

Risk Management

Internal Audit

Commercial

Strategy

Shared Services

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Head of Legal

Corporate Counsel

Tax Director

Transfer Pricing Manager

Group Financial Controller

Compliance Officer

Commercial Director

Operations Director

Head of Shared Services

Group Treasury Manager

Company Secretary

Risk Manager

Internal Audit Manager

Head of Procurement

Regional Director

Business Unit Head

Industries
Companies Act 2014: Primary legislation governing corporate entities in Ireland, including provisions for group companies and their relationships
Taxes Consolidation Act 1997: Covers transfer pricing rules and taxation of inter-company transactions in Ireland
Competition Act 2002: Ensures that intra-group arrangements do not breach competition law requirements
General Data Protection Regulation (GDPR): EU regulation governing data protection and privacy, crucial for information sharing between group companies
Protection of Employees (Fixed-Term Work) Act 2003: Relevant for employee transfers and secondments between group companies
European Communities (Protection of Employees on Transfer of Undertakings) Regulations 2003: Protects employees' rights during business transfers between related companies
Industrial Property Acts: Governs intellectual property rights and their transfer between related entities
Central Bank of Ireland Regulations: Relevant if the agreement involves financial services companies or regulated entities
Companies (Accounting) Act 2017: Sets out requirements for financial reporting of related party transactions
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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