Letterhead
{{company_name}}
{{company_address}}
Phone: {{phone}}
Email: {{email}}
Website: {{website}}
INTER-COMPANY SERVICES AGREEMENT
This Inter-Company Services Agreement (the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”),
BETWEEN:
1. {{Service_Provider_Company_Name}}, a company duly incorporated under the laws of {{Country}}, with its registered office at {{Service_Provider_Address}} (hereinafter referred to as the “Service Provider”);
AND
2. {{Service_Recipient_Company_Name}}, a company duly incorporated under the laws of {{Country}}, with its registered office at {{Service_Recipient_Address}} (hereinafter referred to as the “Service Recipient”).
(Each a “Party” and collectively, the “Parties”).
RECITALS
WHEREAS, the Service Provider and the Service Recipient are related entities within the same corporate group.
WHEREAS, the Service Provider possesses expertise and resources to provide certain services to the Service Recipient.
WHEREAS, the Service Recipient desires to procure such services from the Service Provider, and the Service Provider agrees to provide such services, subject to the terms and conditions hereinafter appearing.
1. SCOPE OF SERVICES
1.1. The Service Provider shall provide the following services to the Service Recipient (the “Services”):
a. {{Service_1_Description}}
b. {{Service_2_Description}}
c. {{Service_3_Description}}
[Add more services as required]
1.2. The detailed scope, deliverables, and service levels for each service are outlined in Schedule A, attached hereto and forming an integral part of this Agreement (the “Service Level Agreement”).
2. SERVICE FEES AND PAYMENT
2.1. In consideration for the Services provided by the Service Provider, the Service Recipient shall pay the Service Provider fees as detailed in Schedule B, attached hereto (the “Service Fees”).
2.2. The Service Fees shall be {{currency}} {{amount}} per {{billing_period}} or as otherwise specified in Schedule B.
2.3. Invoices for the Service Fees shall be rendered by the Service Provider on a {{billing_frequency}} basis and shall be payable by the Service Recipient within {{payment_due_days}} days of receipt of a valid invoice.
2.4. All payments shall be made in {{currency}} to the bank account designated by the Service Provider.
2.5. Any taxes, duties, or levies applicable to the Services shall be borne by the Service Recipient, in addition to the Service Fees, unless otherwise specified in Schedule B.
3. TERM AND TERMINATION
3.1. This Agreement shall commence on the Effective Date and shall continue for an initial term of {{initial_term_duration}} (e.g., one year), unless terminated earlier in accordance with the provisions of this Agreement.
3.2. This Agreement shall automatically renew for successive terms of {{renewal_term_duration}} unless either Party provides written notice of non-renewal to the other Party at least {{notice_period_days}} days prior to the end of the then-current term.
3.3. Either Party may terminate this Agreement immediately upon written notice if the other Party commits a material breach of its obligations hereunder and fails to remedy such breach within {{cure_period_days}} days of receiving written notice thereof.
3.4. Either Party may terminate this Agreement for convenience by providing {{notice_period_days_for_convenience}} days’ written notice to the other Party.
4. CONFIDENTIALITY
4.1. Each Party acknowledges that in the course of performing this Agreement, it may obtain confidential information relating to the business, operations, and customers of the other Party.
4.2. Each Party agrees to keep all such confidential information strictly confidential and not to disclose it to any third party without the prior written consent of the disclosing Party.
4.3. This confidentiality obligation shall survive the termination of this Agreement for a period of {{confidentiality_period}} years.
5. LIMITATION OF LIABILITY
5.1. Save for gross negligence or willful misconduct, the Service Provider’s total liability arising out of or in connection with this Agreement, whether in contract, tort, or otherwise, shall be limited to the total Service Fees paid by the Service Recipient to the Service Provider in the {{liability_period}} months immediately preceding the event giving rise to the claim.
5.2. Neither Party shall be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, revenue, data, or use, incurred by the other Party or any third party, whether in an action in contract or tort, even if advised of the possibility of such damages.
6. GOVERNING LAW AND DISPUTE RESOLUTION
6.1. This Agreement shall be governed by and construed in accordance with the laws of {{Country}}.
6.2. Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall first be subjected to amicable negotiations between the Parties.
6.3. If the dispute is not resolved within {{negotiation_period_days}} days, the Parties agree to submit the dispute to mediation in accordance with the rules of {{Mediation_Body_Name}}.
6.4. If mediation is unsuccessful, the dispute shall be finally settled by arbitration in accordance with the arbitration rules of {{Arbitration_Body_Name}}, and the arbitration shall take place in {{City}}, {{Country}}.
7. FORCE MAJEURE
7.1. Neither Party shall be liable for any delay or failure in performance of its obligations under this Agreement caused by events beyond its reasonable control, including but not limited to acts of God, war, terrorism, riots, embargoes, fires, floods, earthquakes, or strikes.
7.2. The Party affected by force majeure shall promptly notify the other Party of the occurrence of such event and its expected duration.
8. ENTIRE AGREEMENT
This Agreement, including the attached Schedules, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether written or oral, relating to such subject matter.
9. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Inter-Company Services Agreement as of the Effective Date first written above.
------------------------------------------
For and on behalf of {{Service_Provider_Company_Name}}
Name: {{Service_Provider_Signatory_Name}}
Title: {{Service_Provider_Signatory_Title}}
Date: {{signature_date}}
------------------------------------------
For and on behalf of {{Service_Recipient_Company_Name}}
Name: {{Service_Recipient_Signatory_Name}}
Title: {{Service_Recipient_Signatory_Title}}
Date: {{signature_date}}
Related templates
Office Petty Cash SOP
This SOP outlines the procedures for managing petty cash within the office, ensuring proper record-keeping and accountability.
Leave Application SOP
This SOP outlines the procedure for employees to apply for leave, ensuring a standardized and efficient process.
Customer Letter for Departed Employee
This letter template informs customers about an employee's departure and introduces their new point of contact. This should be used to maintain clear communication and assure customers of continued service.
Acknowledgment of Merchandise Returned for Repair
This template is used by businesses to formally acknowledge the receipt of merchandise returned by a customer for repair services. It confirms the item received, its condition, and outlines the next steps in the repair process.