The Contra Agreement is essential in Australian business transactions where parties agree to exchange goods or services of equivalent value without monetary consideration, or with partial monetary payment. This type of agreement is commonly used in media, advertising, and various commercial sectors where businesses can benefit from mutual exchange of their respective goods or services. The document must comply with Australian legal requirements, including proper GST treatment and fair trading regulations. A Contra Agreement typically includes detailed specifications of the goods or services being exchanged, their agreed market value, delivery timeframes, quality standards, and tax treatment. It's particularly important to ensure the agreement meets Australian Taxation Office requirements for reporting and GST purposes, as these arrangements are treated as two separate transactions for tax purposes.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok˰'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties entering into the contra agreement
2. Background: Context of the agreement and general intention of the parties to enter into a contra arrangement
3. Definitions: Key terms used throughout the agreement
4. Exchange of Goods/Services: Core terms describing what each party will provide to the other
5. Valuation: Agreed value of goods/services being exchanged
6. Timing and Delivery: Timeframes for delivery or performance of the contra items
7. GST and Tax: Treatment of GST and tax obligations for the exchange
8. Quality and Standards: Required quality standards and specifications for goods/services
9. Term and Termination: Duration of the agreement and circumstances for termination
10. General Provisions: Standard boilerplate clauses including governing law, notices, and dispute resolution
1. Intellectual Property: Required when the exchange involves creative works, branding, or IP rights
2. Confidentiality: Added when sensitive information will be shared during the arrangement
3. Insurance: Needed when high-value goods are involved or services carry significant risks
4. Performance Metrics: Used when service quality needs to be measured against specific KPIs
5. Marketing Rights: Include when parties agree to cross-promotional activities
6. Force Majeure: Added for long-term arrangements or when delivery timing is critical
7. Assignment: Include when transfer rights need to be restricted or permitted
1. Schedule 1 - Description of Party A's Goods/Services: Detailed specification of goods/services provided by first party
2. Schedule 2 - Description of Party B's Goods/Services: Detailed specification of goods/services provided by second party
3. Schedule 3 - Valuation Details: Breakdown of agreed values and calculation methodology
4. Schedule 4 - Delivery Schedule: Detailed timeline for exchange of goods/services
5. Schedule 5 - Service Level Requirements: Specific quality standards and performance requirements
6. Appendix A - Required Forms: Any forms or documentation required for the exchange
7. Appendix B - Tax Invoice Requirements: Specified format and details required for tax invoices
Relevant legal definitions
Clauses
Relevant Industries
Media and Advertising
Professional Services
Retail and Consumer Goods
Entertainment and Events
Sports and Recreation
Hospitality
Digital Services
Construction and Trade Services
Manufacturing
Creative Industries
Relevant Teams
Legal
Finance
Marketing
Operations
Commercial
Business Development
Procurement
Tax
Compliance
Account Management
Relevant Roles
Commercial Manager
Business Development Manager
Finance Director
Marketing Manager
Operations Manager
Contract Administrator
Tax Manager
Chief Financial Officer
Media Buyer
Procurement Manager
Legal Counsel
Account Executive
Business Owner
Managing Director
Partnership Manager
Find the exact document you need
Unregistered Sale Agreement With Possession
An Australian legal agreement allowing property possession before title transfer, setting out terms and conditions for interim occupation and eventual sale completion.
find out more
Consignment Agreement Form
An Australian-law governed agreement establishing terms for consignment sales arrangements, including commission structures and party responsibilities.
find out more
Business Lease Agreement
An Australian-law governed agreement establishing terms and conditions for commercial property leasing, including rent, maintenance, and usage rights.
find out more
General Tenancy Agreement
An Australian residential lease agreement that establishes the legal framework for property rental, compliant with state tenancy laws.
find out more
Residential Lease Agreement Form
An Australian-compliant residential lease agreement template establishing terms and conditions between landlord and tenant for residential property rental.
find out more
Written Agreement
An Australian law-compliant Written Agreement establishing legally binding terms between parties, suitable for various business relationships and transactions.
find out more
Simple Agreement
An Australian law-compliant Simple Agreement template suitable for various commercial arrangements, featuring essential contract elements and basic protections.
find out more
Side Agreement
An Australian law-governed Side Agreement that modifies or supplements an existing primary agreement between parties.
find out more
Lease Agreement With Option To Purchase
An Australian law-governed agreement combining property lease terms with a future purchase option, suitable for both residential and commercial properties.
find out more
Formal Agreement
Australian law-compliant Formal Agreement template with comprehensive contractual provisions suitable for various commercial relationships.
find out more
Casual Worker Contract
An Australian-compliant casual employment contract template establishing terms and conditions for casual workers under the Fair Work Act 2009.
find out more
Boilerplate Agreement
An Australian law-compliant template agreement establishing standard terms and conditions for business relationships.
find out more
Tooling Agreement
An Australian-law agreement governing the ownership, use, and maintenance of industrial tooling, dies, and specialized equipment between manufacturers and users.
find out more
Representation Agreement
An Australian-law governed agreement establishing the terms and conditions under which a representative may act on behalf of a principal.
find out more
Provisional Agreement
An Australian-law governed temporary contractual arrangement establishing interim terms and conditions between parties while working towards a permanent agreement or short-term objective.
find out more
Preliminary Agreement
An Australian law-governed framework document establishing initial terms and conditions for commercial negotiations, including both binding and non-binding provisions.
find out more
Lease With Option To Buy
An Australian agreement combining a property lease with a future purchase option, governed by Australian property law and regulations.
find out more
Land Agreement Between Two Parties
An Australian legal agreement governing land transfer or use between two parties, compliant with federal and state property laws.
find out more
Common Terms Agreement
An Australian law-governed master agreement establishing standard terms across multiple facility agreements in a syndicated financing arrangement.
find out more
Subordination Agreement Mortgage
An Australian law agreement establishing priority arrangements between multiple mortgage holders over the same property, setting out their respective rights and ranking of security interests.
find out more
Enforceable Contract
Australian-compliant enforceable contract template suitable for various business relationships, incorporating all essential elements required under Australian contract law.
find out more
Basic Contract
A standard Australian-law compliant contract template for establishing basic business agreements between parties.
find out more
Prenuptial Agreement
An Australian Binding Financial Agreement (prenuptial agreement) that outlines financial arrangements between prospective spouses under the Family Law Act 1975.
find out more
Rental Lease Agreement Form
An Australian-compliant legal document establishing the terms and conditions between landlord and tenant for residential property rental.
find out more
Contra Agreement
An Australian legal document governing the exchange of goods or services between parties without monetary payment, compliant with Australian contract law and GST regulations.
find out more
Lease Agreement
An Australian lease agreement governing the terms and conditions for property rental, compliant with federal and state property laws.
find out more
Contractual Agreement
An Australian law-governed agreement establishing formal business relationships between parties, outlining rights, obligations, and terms of engagement.
find out more
Security Agreement Form
An Australian legal document creating a security interest in personal property under the PPSA, detailing terms of security arrangements between secured parties and grantors.
find out more
Labour Contract Agreement For Construction Of House
An Australian-compliant labour contract agreement for residential house construction, outlining construction terms, responsibilities, and legal obligations.
find out more
Business Cooperation Agreement
An Australian law-governed agreement establishing terms for business cooperation between two or more entities.
find out more
Rolling Tenancy Agreement
An Australian periodic residential tenancy agreement that continues indefinitely until terminated by notice from either party, compliant with Australian tenancy laws.
find out more
Lodger Agreement
An Australian legal agreement between a property owner/head tenant and a lodger for shared living arrangements, covering room usage, facilities, payments, and house rules.
find out more
Consulting Agreement
An Australian-law governed agreement establishing terms and conditions for professional consulting services between a consultant and client.
find out more
Intent To Purchase Agreement
An Australian-law governed preliminary agreement outlining the intention to purchase assets, property, or business interests, establishing key transaction terms and conditions.
find out more
Head Of Terms Agreement
An Australian-law governed preliminary agreement outlining key commercial terms between parties, serving as a framework for negotiating definitive agreements.
find out more
Business Contract
Australian business contract template for commercial relationships, compliant with Australian law and adaptable to various business contexts.
find out more
Umbrella Agreement
An Australian law-governed master agreement establishing a framework for ongoing business relationships and future specific agreements between parties.
find out more
Share Purchase Agreement
An Australian law-governed agreement documenting the sale and purchase of shares in a company, including price, warranties, and completion mechanics.
find out more
Rent To Own Agreement Form
An Australian legal agreement establishing terms for a property rent-to-own arrangement, combining rental terms with a future purchase option.
find out more
Consulting Services Agreement
An Australian law agreement governing the provision of professional consulting services, establishing terms, conditions, and obligations between consultant and client.
find out more
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)