This administrative services agreement 2 template has 5 pages and is a MS Word file type listed under our consultant & contractors documents.
Sample of our administrative services agreement 2 template:
ADMINISTRATIVE SERVICES AGREEMENT This Administrative Services Agreement (the "Agreement") is effective [DATE], BETWEEN: [FIRST COMPANY NAME] (the "First Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND COMPANY NAME] (the "Second Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] Whereas [FIRST COMPANY NAME] is a [SPECIFY] company dedicated to the creation and development of [DESCRIBE PRODUCT/SERVICE]; Whereas [SECOND COMPANY NAME] is a newly-incorporated company created to continue the work of [FIRST COMPANY NAME] in the field of [SPECIFY] and which will be located in [FIRST COMPANY NAME]'s premises for a transition period; Whereas [SECOND COMPANY NAME] wishes that [FIRST COMPANY NAME] provide it, during such transition period, with various administrative services and wishes that [SECOND COMPANY NAME]'s employees continue to occupy and use certain facilities used by such employees while employed by [FIRST COMPANY NAME]; and Whereas [FIRST COMPANY NAME] agrees to provide or cause to be provided such services and facilities for [SECOND COMPANY NAME] upon the terms and conditions hereinafter set forth. NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and adequacy of which are acknowledged by each of the parties hereto, the parties hereby agree as follows: DEFINITIONS AND INTERPRETATION In this Agreement, unless the context clearly indicates to the contrary, the following words shall have the meanings set out hereunder: "Administrative Services" shall mean the administrative services provided by First Company Name to Second Company Name pursuant to Section 3.1 hereof. "Confidential Information" shall mean all data and information in oral, written, graphic, photographic, recorded or other form hereafter disclosed by one of the parties (the "Disclosing Party") to the other party (the "Recipient") except for (i) information which, at the time of disclosure, is or thereafter becomes public knowledge through no breach of this Agreement, (ii) information which is disclosed to the Recipient by a third party legally entitled to do so, (iii) information which is disclosed with the prior written approval of the Disclosing Party; or (iv) information which the Recipient is required by any [YOUR COUNTRY LAW], regulation, or legal process to disclose to any competent judicial or governmental authority. "Facilities" shall mean the facilities provided by First Company Name to Second Company Name pursuant to Section 3.2 hereof. This Agreement shall be governed by the following provisions: The parties acknowledge that each provision of this Agreement was negotiated in good faith, understood and for good and valuable consideration, agreed to by them and that the agreement does not constitute an adhesion contract for it. Time shall be of the essence of this Agreement and every part thereof. The division of this Agreement into Articles, Sections, Subsections and other subdivisions and the insertions of headings are for convenience of reference only and shall not affect or be utilized in the construction or the interpretation hereof. Where required herein, the singular shall comprise the plural and vice versa, the masculine shall include the feminine and vice versa while the neuter shall comprise both the masculine and the feminine. This Agreement shall be governed and construed in accordance with the [YOUR COUNTRY LAW] of the Province of [STATE/PROVINCE] and the parties hereby submit to the jurisdiction of the courts of the Province of [STATE/PROVINCE]. This Agreement shall be treated in all respects as a [STATE/PROVINCE] contract. TERM OF AGREEMENT This Agreement shall become effective on the date first above written, and shall continue in full force and effect for an indefinite term thereafter until terminated by mutual agreement of the parties or by either party upon [NUMBER] days' written notice to the other party. DESCRIPTION OF SERVICES AND FACILITIES First Company Name shall provide, or cause to be provided, to Second Company Name such services as may be requested from time to time by Second Company Name relating to, but not limited to, the following: financial services, including, but not limited to, accounting and payroll; tax and treasury services, including, but not limited to, planning and compliance; purchasing services; human resources services, including, but not limited to, labor relations and employee benefit planning and administration; general administrative services; communications services; quality control services; information systems support services; reception services; and other matters and services reasonably requested in writing by Second Company Name and which Company Name is able and willing to provide on a case by case basis. Unless otherwise provided for in a separate sub-lease agreement between the parties hereto, First Company Name agrees to provide such reasonable office and laboratory space including all necessary and incidental utilities, and equipment and facilities for the use of Second Company Name, such as, without limitation: main server and other computing equipment and facilities; telephone system and other telecommunication equipment and facilities; copy machines, faxes and other such equipment; security services; cafeteria, microwave ovens, vending machines and other food equipment and facilities; parking facilities; and other equipment and facilities reasonably requested by Second Company Name and which First Company Name is able and willing to provide. FINANCIAL CONSIDERATION Fees for the Administrative Services and Facilities provided to Second Company Name by First Company Name shall be agreed upon between the parties from time to time and based on a monthly budget which shall be established at the beginning of every month for the ensuing month, the budget for the current month being attached hereto as Schedule 4.1
