Sharing Contract Template for New Zealand

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Key Requirements PROMPT example:

Sharing Contract

"I need a Sharing Contract for a manufacturing equipment arrangement between my company and three other local businesses in Auckland, starting March 2025, with specific focus on maintenance cost allocation and usage scheduling."

Document background
This Sharing Contract template is designed for use in New Zealand when two or more parties wish to formalize an arrangement for sharing resources, facilities, equipment, or costs. The document is particularly relevant in today's economy where resource optimization and collaborative consumption are increasingly important. It incorporates key requirements under New Zealand law, including provisions from the Contract and Commercial Law Act 2017, Property Law Act 2007, and other relevant legislation. The Sharing Contract template can be customized for various scenarios, from office space sharing to equipment pooling, and includes essential provisions for cost allocation, maintenance responsibilities, liability distribution, and dispute resolution. It's particularly valuable for businesses looking to maximize resource efficiency while maintaining clear legal boundaries and responsibilities.
Suggested Sections

1. Parties: Identifies and provides full details of all parties entering into the sharing arrangement

2. Background: Explains the context and purpose of the sharing arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Sharing: Clearly outlines what is being shared and the nature of the sharing arrangement

5. Term and Termination: Specifies the duration of the agreement and conditions for termination

6. Payment and Costs: Details the financial arrangements, including cost-sharing mechanisms and payment terms

7. Rights and Obligations: Outlines the specific rights and responsibilities of each party

8. Maintenance and Operations: Describes how shared resources will be maintained and operated

9. Liability and Insurance: Addresses risk allocation and insurance requirements

10. Dispute Resolution: Sets out the process for resolving any disputes

11. General Provisions: Contains standard boilerplate clauses including governing law, notices, and amendment procedures

Optional Sections

1. Intellectual Property: Required when the sharing arrangement involves IP rights or digital content

2. Confidentiality: Needed when parties will be sharing sensitive or proprietary information

3. Health and Safety: Required when sharing involves physical premises or equipment

4. Environmental Compliance: Needed when sharing arrangement has environmental implications

5. Data Protection: Required when personal data or digital information is being shared

6. Change of Control: Needed when parties want to address potential ownership changes

7. Force Majeure: Optional clause for addressing unforeseen circumstances

8. Assignment Rights: Required when parties want to allow or restrict transfer of rights

Suggested Schedules

1. Schedule 1: Asset Register: Detailed list of shared assets or resources

2. Schedule 2: Cost Allocation: Breakdown of how costs are shared between parties

3. Schedule 3: Operating Procedures: Detailed procedures for day-to-day operation of the sharing arrangement

4. Schedule 4: Maintenance Schedule: Timeline and responsibilities for maintenance of shared resources

5. Schedule 5: Insurance Requirements: Specific insurance requirements and coverage details

6. Appendix A: Contact Details: Key contacts for each party and their roles

7. Appendix B: Service Levels: Performance standards and metrics if applicable

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

Relevant Industries

Real Estate

Technology

Manufacturing

Professional Services

Healthcare

Education

Retail

Logistics

Coworking Spaces

Agriculture

Construction

Research and Development

Relevant Teams

Legal

Operations

Facilities Management

Procurement

Risk and Compliance

Property Management

Business Development

Contract Administration

Strategic Planning

Asset Management

Relevant Roles

Operations Director

Facility Manager

Legal Counsel

Contract Administrator

Business Development Manager

Property Manager

Resource Coordinator

Chief Operating Officer

Procurement Manager

Risk Manager

Compliance Officer

Strategic Planning Director

Industries
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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