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1. Parties: Identification and details of all parties entering into the cost sharing agreement
2. Background: Context of the agreement, relationship between parties, and purpose of the cost sharing arrangement
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules of interpretation
4. Scope of Cost Sharing: Detailed description of activities and costs covered under the agreement
5. Cost Allocation Methodology: Agreed method for calculating and allocating costs between parties
6. Payment Terms: Timeline and process for payments, including invoicing procedures and payment methods
7. Record Keeping and Audit Rights: Requirements for maintaining cost records and rights to audit shared costs
8. Governance and Decision Making: Process for making decisions about shared costs and resolving disputes
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Confidentiality: Obligations regarding confidential information shared during cost sharing activities
11. Representations and Warranties: Standard representations and warranties from each party
12. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.
1. Intellectual Property Rights: Required when shared costs involve creation or use of intellectual property
2. Foreign Exchange Provisions: Needed when agreement involves international parties or cross-border payments
3. Tax Matters: Detailed tax provisions when specific tax implications need to be addressed
4. Service Level Requirements: Include when cost sharing relates to specific service delivery standards
5. Force Majeure: Additional protection when external factors might affect cost sharing obligations
6. Step-in Rights: Include when parties need rights to take over responsibilities in case of default
7. Change Control: Required when cost sharing arrangement might need systematic changes over time
1. Cost Allocation Formula: Detailed breakdown of cost allocation methodology and calculations
2. Approved Budget: Initial or annual budget for shared costs
3. Cost Categories: Detailed list and description of costs to be shared
4. Payment Procedures: Detailed procedures for invoicing, payment, and reconciliation
5. Governance Procedures: Detailed procedures for cost-related decision making and dispute resolution
6. Key Personnel: List of key contacts responsible for cost sharing administration
7. Service Specifications: Details of services covered under the cost sharing arrangement if applicable
Recitals
Definitions
Cost Allocation
Payment Terms
Budget Approval
True-up Mechanisms
Record Keeping
Audit Rights
Governance
Decision Making
Service Standards
Performance Monitoring
Intellectual Property
Confidentiality
Data Protection
Force Majeure
Term
Termination
Exit Management
Dispute Resolution
Representations and Warranties
Indemnification
Insurance
Assignment
Notices
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Information Technology
Manufacturing
Research and Development
Pharmaceuticals
Real Estate
Infrastructure
Shared Services
Professional Services
Healthcare
Education
Telecommunications
Energy and Utilities
Legal
Finance
Operations
Commercial
Compliance
Treasury
Risk Management
Project Management
Business Development
Shared Services
Accounting
Tax
Corporate Affairs
Procurement
Chief Financial Officer
Finance Director
Legal Counsel
Contract Manager
Project Manager
Operations Director
Commercial Manager
Financial Controller
Compliance Officer
Business Development Manager
Joint Venture Manager
Shared Services Manager
Cost Accounting Manager
Treasury Manager
Risk Manager
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