Partnership agreements is a voluntary contract between two or more people to place their capital, labour, skills, and corporation in business with the understanding that there will be a sharing of the profits and losses between/among partners.
Intercompany agreements are agreements made between two businesses owned by the same company.
Typically, if there are two divisions under the same corporation.
This agreement states how intercompany sales or transfers of goods, services or time are handled.
These agreements must be individually structured and depends greatly on differences in understanding, resolve and implementation between all the partners, companies, subsidiaries, branches or divisions applicable.
A legal specialist must compile agreements such as these, especially if there is disagreement thereafter between signatories.
Such agreements are generally part of Taxrek's initial evaluation and investigation of client's internal controls and corporate structures, ensuring that all legal aspects have been adhered to in full between different business partners and group entities.