All Countries
Employment
Intercompany Settlement Agreement

Intercompany Settlement Agreement Template for Austria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Intercompany Settlement Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Intercompany Settlement Agreement

"Need an Intercompany Settlement Agreement under Austrian law for our manufacturing group's European shared services center in Vienna, covering monthly settlements of IT, HR, and accounting services provided to 5 subsidiaries, to be implemented by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Intercompany Settlement Agreement is essential for multinational corporations operating in Austria that need to formalize their internal financial arrangements. This document type is particularly relevant when group companies engage in regular transactions requiring periodic settlement, such as shared services, internal financing, or cross-charging arrangements. The agreement ensures compliance with Austrian corporate law, tax regulations, and transfer pricing requirements while providing a clear framework for calculating and settling intercompany obligations. It's commonly used in scenarios involving multiple subsidiaries or branches, where systematic settlement of intercompany balances is necessary for proper financial management and regulatory compliance. The document addresses Austrian-specific legal requirements while incorporating international best practices for intercompany arrangements.
Suggested Sections

1. Parties: Identification of the group companies entering into the agreement, including registration details and addresses

2. Background: Context of the intercompany relationship and reason for the settlement agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Settlement Scope: Detailed description of transactions, services, or obligations covered by the settlement

5. Settlement Amount: Specification of the settlement amount and calculation methodology

6. Payment Terms: Terms and conditions for payment, including timing, currency, and payment method

7. Tax Provisions: Handling of VAT, withholding tax, and other tax implications

8. Transfer Pricing Compliance: Confirmation of arm's length principles and compliance with transfer pricing regulations

9. Records and Documentation: Requirements for maintaining proper records and supporting documentation

10. Term and Termination: Duration of the agreement and termination provisions

11. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

12. Execution: Signature blocks and execution formalities

Optional Sections

1. Audit Rights: Rights to audit settlement calculations and supporting documentation - include when regular audits are anticipated

2. Set-off Rights: Rights to set off amounts against other intercompany obligations - include when multiple intercompany relationships exist

3. Currency Conversion: Provisions for handling currency conversions - include when settlements involve multiple currencies

4. Dispute Resolution: Detailed dispute resolution procedures - include when parties prefer arbitration or specific resolution mechanisms

5. Confidentiality: Provisions for maintaining confidentiality - include when settlement involves sensitive information

6. Force Majeure: Provisions for handling unforeseen circumstances - include when long-term settlement arrangements are involved

7. Group Company Accession: Mechanism for other group companies to join the agreement - include when future expansion is anticipated

Suggested Schedules

1. Schedule 1 - Settlement Calculation Methodology: Detailed methodology for calculating settlement amounts

2. Schedule 2 - Covered Transactions: List and details of all transactions covered by the settlement

3. Schedule 3 - Supporting Documentation Requirements: Specific requirements for documentation to support settlement calculations

4. Schedule 4 - Payment Procedures: Detailed procedures for processing and executing payments

5. Appendix A - Form of Settlement Statement: Template for periodic settlement statements

6. Appendix B - Contact Details: Key contact persons and their details for each party

7. Appendix C - Transfer Pricing Documentation: Required transfer pricing documentation and compliance certificates

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
Arm's Length Principle
Business Day
Confidential Information
Effective Date
Force Majeure Event
Group
Group Company
Intercompany Balance
Interest Rate
Parent Company
Payment Date
Related Party
Settlement Amount
Settlement Currency
Settlement Period
Settlement Statement
Settlement Date
Supporting Documentation
Tax
Transfer Pricing Documentation
Transfer Pricing Rules
Ultimate Parent Company
VAT
Working Capital
Material Adverse Change
Netting
Offset Rights
Quarter
Regulatory Authority
Service Provider
Service Recipient
Shared Services
Termination Date
Transaction Currency
Year
Relevant Industries

Manufacturing

Financial Services

Technology

Pharmaceuticals

Consumer Goods

Energy

Telecommunications

Professional Services

Automotive

Chemical Industry

Retail

Infrastructure

Relevant Teams

Legal

Finance

Tax

Treasury

Compliance

Accounting

Shared Services

Corporate Development

Internal Audit

Financial Planning & Analysis

Relevant Roles

Chief Financial Officer

Group Treasury Manager

Financial Controller

Tax Director

Legal Counsel

Compliance Officer

Transfer Pricing Manager

Group Accountant

Finance Director

Corporate Controller

Head of Shared Services

Group Financial Planning Manager

Senior Tax Manager

International Tax Specialist

Industries
Austrian Civil Code (ABGB): Provides the fundamental legal framework for contracts, including formation, performance, and termination of contractual obligations
Austrian Commercial Code (UGB): Regulates commercial transactions and relationships between businesses, including specific provisions for corporate entities
Austrian Corporate Income Tax Act (KStG): Governs taxation of corporate entities and includes specific provisions for intercompany transactions and group taxation
Austrian Transfer Pricing Documentation Law (VPDG): Specifies requirements for documentation of transfer pricing between affiliated companies
Austrian Federal Fiscal Code (BAO): Contains general tax provisions and principles, including rules for related-party transactions
Austrian Competition Act (KartG): Ensures that intercompany agreements do not violate competition law principles
Austrian Accounting Standards (UGB accounting provisions): Provides rules for proper accounting and documentation of intercompany transactions
EU Transfer Pricing Guidelines: While not Austrian law, these guidelines are relevant for ensuring compliance with international transfer pricing standards
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

Find the exact document you need

Settlement Agreement Ex Gratia Payment

An Austrian law-governed agreement establishing terms for a voluntary (ex gratia) payment and associated releases of claims.

find out more

Accident Settlement Agreement

An Austrian law-governed agreement that settles claims arising from an accident, detailing compensation terms and mutual releases between involved parties.

find out more

Constructive Dismissal Settlement Agreement

An Austrian law-governed agreement settling claims between employer and employee in cases of constructive dismissal, outlining termination terms and mutual obligations.

find out more

Redundancy Agreement

An Austrian legal document that formalizes employment termination through redundancy, outlining severance terms and conditions in compliance with Austrian labor law.

find out more

Contract Settlement Agreement

An Austrian law-governed agreement that documents the formal settlement of disputes between parties, including settlement terms, releases, and obligations.

find out more

Work Settlement Agreement

An Austrian law-governed agreement documenting mutually agreed terms for employment termination, including settlement payments and releases.

find out more

Marriage Settlement Agreement

An Austrian law-governed agreement establishing property division and financial arrangements between spouses, in compliance with the ABGB and Marriage Act.

find out more

Mediation Settlement Agreement

An Austrian law-governed agreement documenting the resolution reached between parties through mediation, including settlement terms and mutual obligations.

find out more

Release Of Claims Settlement Agreement

An Austrian law-governed agreement that formally settles and releases claims between parties, providing a legally binding resolution to disputes.

find out more

General Settlement Agreement

An Austrian law-governed settlement agreement for resolving disputes between parties, incorporating specific requirements under the Austrian Civil Code (ABGB).

find out more

Mutual Dispute Resolution Agreement

An Austrian law-governed agreement establishing a structured framework for resolving commercial disputes through negotiation, mediation, and arbitration.

find out more

Out Of Court Settlement Agreement

An Austrian law-governed agreement documenting the terms of dispute resolution between parties without court intervention.

find out more

Contract Dispute Settlement Agreement

An Austrian law-governed agreement documenting the settlement terms and conditions of a contractual dispute between parties.

find out more

Intercompany Settlement Agreement

An Austrian law-governed agreement establishing terms for settling financial obligations between related companies within a corporate group.

find out more

Financial Settlement Agreement

An Austrian law-governed agreement that formalizes financial settlement terms between parties, including payment obligations and mutual releases.

find out more

Debt Resolution Agreement

An Austrian law-governed agreement establishing terms for debt resolution between creditors and debtors, compliant with ABGB and IO requirements.

find out more

Separation Settlement Agreement

An Austrian law-governed agreement that formalizes separation terms between spouses, including asset division and financial arrangements.

find out more

Business Settlement Agreement

An Austrian law-governed agreement that documents the settlement terms and mutual obligations between business parties to resolve commercial disputes.

find out more

Marital Settlement Agreement

An Austrian legal agreement outlining divorce terms and conditions, including asset division and maintenance arrangements, in compliance with Austrian family law.

find out more

Compromise Agreement

An Austrian law Compromise Agreement (Vergleich) for settling disputes or uncertain legal situations through mutual concessions, governed by the ABGB.

find out more

Amicable Agreement

An Austrian law-governed agreement for formal dispute resolution through mutual consent and compromise, providing a legally binding framework for settling differences outside court.

find out more

Trust Settlement Agreement

An Austrian law agreement establishing a trust-like structure, detailing asset transfer, management terms, and beneficiary rights.

find out more

Commercial Settlement Agreement

An Austrian law-governed agreement that resolves commercial disputes between businesses, outlining settlement terms and mutual obligations.

find out more

Settlement Agreement And Release

An Austrian law-governed agreement that resolves disputes between parties through settlement terms and mutual releases of claims.

find out more

Loan Settlement Agreement

An Austrian law-governed agreement that establishes terms for settling an existing loan obligation, including payment terms and discharge conditions.

find out more

Mutual Release Agreement

An Austrian law-governed Mutual Release Agreement for parties to formally discharge claims and obligations against each other.

find out more

Family Settlement Agreement

An Austrian law-governed agreement that formalizes arrangements between family members regarding assets, properties, and obligations under the Austrian Civil Code (ABGB).

find out more

Mutual Divorce Agreement

An Austrian law-compliant agreement documenting mutual consent divorce terms, including property division, financial settlements, and related arrangements.

find out more

Debt Settlement Agreement

An Austrian law-governed agreement between creditor and debtor establishing terms for settling outstanding debt obligations, structured according to ABGB requirements.

find out more

Arbitration Settlement Agreement

An Austrian law-governed agreement documenting settlement terms and ending arbitration proceedings, with binding effect under Austrian civil law and arbitration regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.