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Engagements › Helios Lane Software › Draft agreement: Contract software development

Draft Agreement From The Policy

Contract software development. Every clause is drafted from the transfer pricing policy and the functional analysis, and says where it came from. Anything the file does not settle is left open, in brackets.

Suggestion A draft, not an agreement. A signed agreement is on file; compare it on the Agreements page. It counts for nothing until it is confirmed, and then only as the practice's draft for the parties. Download As Text

  1. Shared services agreement

    Between Helios Lane Development Ltd (the Provider) and Helios Lane Inc. (the Recipient).

    Source: Transaction record

  2. 1. The services

    The Provider supplies the services described in Schedule 1. The Recipient decides which services it orders; the Provider decides how they are delivered.

    Source: Functional analysis: who decides what and how

  3. 2. Remuneration

    The Recipient pays the Provider's costs of the services plus a mark-up of 10.00% on those costs.

    Source: Group transfer pricing policy §2

  4. 3. Payment

    Invoices are payable within 45 days.

    Source: Group transfer pricing policy

  5. 4. Risks

    The risk that development fails is borne by the Recipient.

    Source: Functional analysis, risks

  6. 5. Arm's length

    The parties intend the terms to be at arm's length and will adjust them if a review shows they are not.

    Source: OECD Guidelines 1.6; Income Tax Law s.33(6)

  7. 6. Term and law

    Effective from 1 January of the year; [term, termination and governing law to be agreed by the parties].

    Source: Not in the file · open point