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Simple Cost Sharing Agreement
"I need a Simple Cost Sharing Agreement for three tech startups sharing office space and IT infrastructure costs in Amsterdam, with the arrangement starting from March 1, 2025, including specific provisions for adding new parties in the future."
1. Parties: Identification of all participating parties in the cost-sharing arrangement
2. Background: Context of the agreement and the parties' intention to share certain costs
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Cost Sharing: Description of which costs are to be shared under the agreement
5. Cost Allocation Method: Detailed explanation of how costs will be allocated between parties
6. Payment Terms: Terms and conditions for payment, including timing and method of payment
7. Record Keeping: Requirements for maintaining financial records and supporting documentation
8. Reporting Requirements: Obligations regarding financial reporting and cost transparency
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes
1. Intellectual Property Rights: Required when shared costs include development of IP or use of existing IP
2. Confidentiality: Needed when parties share sensitive financial or business information
3. Tax Provisions: Required when specific tax implications need to be addressed
4. Audit Rights: Important for arrangements where regular auditing of shared costs is desired
5. New Party Accession: Needed when there's possibility of additional parties joining the arrangement
6. Force Majeure: Required when parties want to address extraordinary circumstances affecting cost sharing
7. Dispute Resolution: Optional detailed procedures for resolving disagreements about cost allocation
1. Schedule 1 - Cost Categories: Detailed list of costs to be shared and their classifications
2. Schedule 2 - Allocation Keys: Specific formulas and metrics used for cost allocation
3. Schedule 3 - Initial Budget: Projected costs and allocations for the first period
4. Schedule 4 - Reporting Template: Standard format for periodic cost reporting
5. Schedule 5 - Contact Details: List of key contacts for each party
6. Appendix A - Calculation Examples: Examples illustrating how cost allocation works in practice
Authors
Allocation Key
Business Day
Commencement Date
Confidential Information
Cost Pool
Cost Share
Cost Sharing Period
Direct Costs
Effective Date
Eligible Costs
Excluded Costs
Financial Year
Force Majeure Event
Indirect Costs
Initial Budget
Intellectual Property Rights
Invoice
Key Personnel
Material Breach
Overhead Costs
Participating Party
Payment Date
Payment Terms
Project
Quarter
Reporting Period
Services
Shared Costs
Shared Facilities
Term
True-up Adjustment
VAT
Working Hours
Definitions
Interpretation
Cost Sharing Principles
Cost Allocation
Payment Terms
Reporting Requirements
Record Keeping
Audit Rights
Confidentiality
Intellectual Property
Term and Termination
Force Majeure
Liability
Assignment
Notices
Amendments
Severability
Entire Agreement
Third Party Rights
Tax Provisions
Dispute Resolution
Governing Law
Jurisdiction
Technology
Professional Services
Manufacturing
Real Estate
Healthcare
Research and Development
Construction
Logistics
Financial Services
Retail
Energy
Telecommunications
Finance
Legal
Operations
Procurement
Commercial
Risk Management
Treasury
Accounting
Compliance
Business Development
Chief Financial Officer
Financial Controller
Legal Counsel
Contract Manager
Operations Director
Project Manager
Finance Manager
Procurement Manager
Business Development Manager
Risk Manager
Commercial Director
Compliance Officer
Treasury Manager
Accounting Manager
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