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1. Parties: Identification of all participating entities in the cost sharing arrangement
2. Background: Context of the arrangement and statement of intent for cost sharing
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Cost Sharing Arrangement: Details of costs and activities covered by the agreement
5. Cost Allocation Method: Methodology for calculating and allocating shared costs between parties
6. Payment Terms: Payment procedures, timing, and currency considerations
7. Governance and Administration: Management structure and decision-making processes
8. Record Keeping and Audit Rights: Requirements for maintaining records and rights to audit
9. Tax Matters: Treatment of VAT and other tax considerations
10. Confidentiality: Protection of confidential information shared under the agreement
11. Term and Termination: Duration of agreement and termination provisions
12. Dispute Resolution: Procedures for resolving disputes between parties
13. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Intellectual Property Rights: Required when shared activities involve creation or use of IP
2. Data Protection: Required when cost sharing involves processing of personal data
3. Service Levels: Include when specific performance standards need to be maintained
4. Insurance Requirements: Include when shared activities require specific insurance coverage
5. Employee Matters: Required when staff are shared or seconded between parties
6. Competition Law Compliance: Include when arrangement could have competition law implications
7. Force Majeure: Include when shared activities are susceptible to external disruptions
1. Schedule 1 - Calculation Methodology: Detailed formulas and examples of cost allocation calculations
2. Schedule 2 - Shared Services/Activities: Comprehensive list and description of services or activities subject to cost sharing
3. Schedule 3 - Allocation Keys: Specific metrics used for cost allocation (e.g., headcount, revenue, usage)
4. Schedule 4 - Governance Procedures: Detailed procedures for management committee meetings and decision-making
5. Schedule 5 - Budget and Forecasting: Initial budget and procedures for future budget setting
6. Schedule 6 - Service Levels: Detailed performance metrics and monitoring procedures if applicable
7. Schedule 7 - Contact Details: Key contacts and notice details for each party
8. Appendix A - Pro Forma Reports: Templates for regular financial and operational reporting
Adjustment Period
Allocation Key
Allocation Percentage
Annual Budget
Applicable Law
Approved Budget
Business Day
Calculation Period
Commencement Date
Confidential Information
Cost Pool
Cost Sharing Committee
Direct Costs
Effective Date
Excluded Costs
Financial Year
Force Majeure Event
Governance Committee
Group
Indirect Costs
Initial Period
Intellectual Property Rights
Management Committee
Mark-up
Operating Procedures
Participating Party
Payment Date
Personal Data
Quarter
Regulatory Requirements
Related Party
Relevant Proportion
Service Provider
Service Recipient
Shared Costs
Shared Services
Termination Date
True-up Adjustment
VAT
Working Capital
Definitions
Cost Allocation
Payment Terms
Budget Approval
True-up Adjustments
Record Keeping
Audit Rights
VAT and Tax
Governance
Committee Powers
Decision Making
Service Standards
Performance Monitoring
Intellectual Property
Data Protection
Confidentiality
Force Majeure
Liability
Indemnification
Insurance
Term
Termination
Exit Provisions
Competition Compliance
Anti-Bribery
Notices
Assignment
Amendment
Severability
Entire Agreement
Third Party Rights
Governing Law
Dispute Resolution
Financial Services
Technology
Healthcare
Professional Services
Manufacturing
Research and Development
Real Estate
Telecommunications
Shared Services
Education
Pharmaceutical
Construction
Finance
Legal
Tax
Compliance
Operations
Procurement
Treasury
Risk Management
Commercial
Corporate Services
Shared Services
Accounting
Chief Financial Officer
Financial Controller
Head of Tax
Legal Counsel
Compliance Officer
Operations Director
Shared Services Manager
Group Finance Manager
Commercial Director
Tax Manager
Group Accountant
Treasury Manager
Risk Manager
Corporate Services Director
Head of Procurement
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