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Simple Cost Sharing Agreement Template
I need a Simple Cost Sharing Agreement Template for three tech startups sharing office space and IT infrastructure in Singapore, with an expected commencement date of March 1, 2025, and specific provisions for quarterly cost reconciliation.
1. Parties: Identification and details of all parties involved in the cost sharing arrangement
2. Background: Context and purpose of the cost sharing arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Cost Sharing: Detailed description of costs to be shared
5. Cost Allocation Method: Methodology for calculating and allocating shared costs
6. Payment Terms: Timeline and method of payments
7. Term and Termination: Duration of agreement and termination provisions
1. Intellectual Property Rights: Required when shared costs involve IP development or usage
2. Data Protection: Provisions for handling personal or sensitive data
3. Force Majeure: Provisions for unforeseen circumstances affecting the cost sharing arrangement
1. Schedule of Shared Costs: Detailed breakdown of costs to be shared
2. Allocation Formula: Mathematical formula or methodology for cost allocation
3. Payment Schedule: Detailed timeline of payments and amounts
4. Service Level Agreement: Performance standards and metrics if the cost sharing involves service provision between parties
Authors
Commencement Date
Confidential Information
Cost Allocation Formula
Cost Pool
Cost Sharing Percentage
Direct Costs
Effective Date
Eligible Costs
Force Majeure Event
Indirect Costs
Initial Term
Operating Costs
Participating Party/Parties
Payment Period
Shared Costs
Shared Facilities
Shared Resources
Shared Services
Term
Territory
True-up Adjustment
Working Day
Cost Allocation
Payment Terms
Cost Determination
Record Keeping
Audit Rights
Confidentiality
Term and Termination
Force Majeure
Dispute Resolution
Representations and Warranties
Liability and Indemnification
Amendment and Modification
Notices
Assignment
Severability
Entire Agreement
Governing Law
Data Protection
Intellectual Property
True-up Mechanisms
Cost Reporting
Service Levels
Budget Planning
Compliance with Laws
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