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1. Parties: Identifies the parties entering into the agreement and their registered addresses
2. Background: Sets out the context and purpose of the cost sharing arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Shared Costs: Detailed description of which costs are to be shared under the agreement
5. Cost Allocation Methodology: Explains how costs will be allocated between parties, including the basis for calculation
6. Payment Terms: Specifies payment procedures, timing, and currency
7. Budgeting and Forecasting: Process for establishing budgets and forecasting shared costs
8. Record Keeping and Audit Rights: Requirements for maintaining records and rights to audit
9. Confidentiality: Provisions regarding the treatment of confidential information
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
1. Tax Provisions: Specific provisions for tax treatment and VAT - include when parties need clarity on tax implications
2. Foreign Exchange Provisions: Include when agreement involves international parties or foreign currency payments
3. Intellectual Property Rights: Include when shared costs involve development or use of intellectual property
4. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances
5. Anti-Corruption Compliance: Include when dealing with government entities or high-risk sectors
6. Change Control Procedure: Include when arrangement requires flexibility to modify cost sharing formula or scope
7. Service Levels: Include when cost sharing relates to specific service delivery standards
1. Schedule 1 - Cost Categories: Detailed breakdown of categories of costs to be shared
2. Schedule 2 - Allocation Keys: Specific formulas and metrics used for cost allocation
3. Schedule 3 - Billing and Payment Procedures: Detailed procedures for billing, invoicing and payment
4. Schedule 4 - Authorized Representatives: List of authorized representatives for each party
5. Schedule 5 - Budget Template: Template for annual/periodic budgets
6. Appendix A - Cost Allocation Examples: Practical examples showing how cost allocation works
7. Appendix B - Reporting Templates: Standard templates for regular cost reporting
Affiliate
Allocation Key
Applicable Law
Approved Budget
Authorized Representative
Base Currency
Beneficiary
Business Day
Commencement Date
Confidential Information
Cost Pool
Cost Sharing Ratio
Direct Costs
Effective Date
Eligible Costs
Exchange Rate
Financial Year
Force Majeure Event
Group
Indirect Costs
Initial Period
Intellectual Property Rights
Invoice
Key Personnel
Material Change
Operating Committee
Overhead Costs
Parent Company
Participant
Payment Date
Payment Currency
Related Party
Relevant Proportion
Service Provider
Shared Costs
Shared Services
Subsidiary
Tax
Term
Territory
Third Party Costs
Transfer Pricing Rules
Working Capital
Scope of Agreement
Cost Allocation
Payment Terms
Budgeting
Audit Rights
Record Keeping
Confidentiality
Data Protection
Intellectual Property
Force Majeure
Termination
Change Control
Dispute Resolution
Governing Law
Assignment
Severability
Entire Agreement
Notices
Warranties
Tax Compliance
Foreign Exchange
Anti-Corruption
Indemnification
Liability Limitation
Transfer Pricing
Reporting Requirements
Amendment
Representatives
Third Party Rights
Competition Law Compliance
Oil and Gas
Manufacturing
Technology
Financial Services
Telecommunications
Healthcare
Real Estate
Construction
Professional Services
Retail and Distribution
Mining and Natural Resources
Agricultural Business
Infrastructure Development
Legal
Finance
Operations
Tax
Treasury
Compliance
Commercial
Risk Management
Project Management
Business Development
Joint Venture Management
Contract Administration
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Commercial Director
Operations Manager
Project Manager
Financial Controller
Tax Manager
Compliance Officer
Business Development Director
Group Financial Manager
Joint Venture Manager
Contract Administrator
Risk Manager
Treasury Manager
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