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Overagreement for Hong Kong

Overagreement Template for Hong Kong

A comprehensive master agreement governed by Hong Kong law that establishes the overarching framework for a complex business relationship between two or more corporate groups. It sets out the fundamental terms, conditions, and principles that will govern all subsequent agreements and arrangements between the parties. The document includes provisions for governance, dispute resolution, confidentiality, and other key operational aspects while ensuring compliance with Hong Kong legal requirements and business practices. It's particularly suited for long-term strategic partnerships where multiple agreements will be needed over time.

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What is a Overagreement?

The Overagreement serves as a master framework agreement designed to govern the ongoing business relationship between corporate groups operating under Hong Kong law. This document type is particularly useful when parties anticipate entering into multiple related agreements over time and need a consistent framework to govern these arrangements. It establishes key principles, processes, and terms that will apply across all subsequent agreements, reducing negotiation time and ensuring consistency in approach. The document includes governance structures, risk allocation principles, and operational procedures while incorporating Hong Kong legal requirements and commercial practices. It's commonly used in complex business relationships where multiple business units or subsidiaries will be engaging in various transactions or service arrangements over time.

What sections should be included in a Overagreement?

1. Parties: Identification and details of all parties entering into the overagreement

2. Background: Context of the relationship and purpose of the overagreement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Scope and Structure: Overview of what the overagreement covers and how it relates to subsidiary agreements

5. Hierarchy and Precedence: Establishes how this agreement interacts with other agreements and which terms take precedence

6. Term and Termination: Duration of the agreement and circumstances for termination

7. General Obligations: Core obligations applicable to all parties under the overagreement

8. Governance and Administration: Management structure and decision-making processes

9. Confidentiality: General confidentiality obligations applicable to all arrangements

10. Intellectual Property: Basic IP ownership and licensing principles

11. Liability and Indemnification: General liability framework and indemnification principles

12. Dispute Resolution: Process for resolving disputes under this and subsidiary agreements

13. General Provisions: Standard boilerplate clauses including notices, amendments, governing law

What sections are optional to include in a Overagreement?

1. Compliance and Ethics: Include when parties operate in regulated industries or have specific compliance requirements

2. Data Protection: Include when arrangements will involve processing personal data

3. Insurance: Include when specific insurance requirements need to be maintained across all arrangements

4. Force Majeure: Include when parties want specific force majeure provisions to apply across all arrangements

5. Parent Company Guarantees: Include when financial guarantees from parent companies are required

6. Change Control: Include when formal processes for changes to subsidiary agreements are needed

7. Service Levels: Include when general service level principles need to be established

8. Audit Rights: Include when general audit rights across all arrangements are required

What schedules should be included in a Overagreement?

1. Form of Subsidiary Agreement: Template or key terms for subsidiary agreements to be entered into under this framework

2. Governance Procedures: Detailed procedures for governance committees and decision-making

3. Key Contacts: List of key personnel and their roles for each party

4. Compliance Requirements: Detailed compliance obligations and procedures

5. Service Categories: Categories of services or arrangements that may be covered by subsidiary agreements

6. Rate Card: Standard rates or pricing principles applicable across arrangements

7. Technical Standards: Any technical or operational standards that apply across all arrangements

8. Change Request Template: Standard form for requesting changes to this or subsidiary agreements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Finance Agreement

Cost

Free to use
Relevant legal definitions

























































Clauses












































Relevant Industries

Financial Services

Technology

Professional Services

Telecommunications

Manufacturing

Healthcare

Retail

Infrastructure

Energy

Transportation

Media and Entertainment

Relevant Teams

Legal

Commercial

Procurement

Finance

Risk and Compliance

Corporate Development

Strategy

Operations

Corporate Secretariat

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Head of Commercial

Chief Operating Officer

Commercial Director

Legal Director

Head of Procurement

Chief Financial Officer

Head of Risk

Corporate Development Director

Head of Strategy

Contract Manager

Senior Legal Counsel

Corporate Secretary

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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