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1. Parties: Identification of all participating group companies
2. Background: Context of the agreement, relationship between the parties, and purpose of the cost sharing arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Cost Sharing: Description of costs to be shared and services covered
5. Cost Allocation Method: Methodology for calculating and allocating costs between participants
6. Payment Terms: Terms and procedures for payment, including currency, timing, and payment methods
7. Governance: Management structure, decision-making processes, and oversight of the arrangement
8. Records and Documentation: Requirements for maintaining records and supporting documentation for tax and audit purposes
9. Confidentiality: Provisions regarding the protection of confidential information shared under the agreement
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Dispute Resolution: Procedures for resolving disputes between participants
12. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction
1. Intellectual Property Rights: Provisions regarding IP ownership and licensing when the shared costs involve IP development
2. Data Protection: Specific provisions for handling personal data when cost sharing involves data transfer
3. Employee Sharing: Terms for sharing employee services between participating companies
4. Tax Compliance: Specific provisions addressing transfer pricing and tax compliance requirements
5. Entry and Exit Provisions: Detailed procedures for new participants joining or existing participants leaving
6. Force Majeure: Provisions for handling unforeseen circumstances affecting cost sharing arrangements
7. Insurance: Requirements for insurance coverage related to shared activities
1. Schedule 1 - Participating Companies: List of all participating companies with registration details and contact information
2. Schedule 2 - Cost Pools: Detailed breakdown of cost categories and items included in the sharing arrangement
3. Schedule 3 - Allocation Keys: Detailed methodology and formulas for cost allocation, including examples
4. Schedule 4 - Service Level Requirements: Performance standards and metrics for shared services
5. Schedule 5 - Calculation Examples: Examples of cost calculations and allocations
6. Schedule 6 - Governance Procedures: Detailed procedures for meetings, reporting, and decision-making
7. Schedule 7 - Transfer Pricing Documentation: Templates and requirements for transfer pricing documentation
8. Appendix A - Required Forms: Standard forms for cost reporting, invoicing, and documentation
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