it works by consolidating and combining services between business units and headquarters into one separate entity that is based on principles similar to the market.3 min read a shared services agreement is a model for delivering corporate support. it works by consolidating and combining services between business units and headquarters into one separate entity that is based on principles similar to the market. they also need to be able to seek support services that meet the same standard. for business units to get a competitive advantage, best practices are in, and the corporate culture is out. the providers have to meet their requirements, and the providers will have their performance assessed using specific criteria that is easily measurable. a shared services agreement is most easily approved legally when it is drafted to be short and sweet. another important tip for drafting a shared services agreement is to use easy-to-understand language. there is no requirement that a drafted agreement contain verbose legalese in order to be upheld in a court of law.
another good example of a well-done shared services agreement can be found in google’s terms of service. when you draft a shared services agreement, the best practice is to make the agreement inclusive. it is important to remember that the more flexible you make your agreement, the more versatile the agreement will be. for example, you do not need to narrow down specific types of equipment that will be used or the specific services that you are agreeing to provide. an agreement that is too specific locks you down and corners you to abide by the specific terms. additionally, do not reinvent the wheel when drafting your agreement. there are many options out there to use for your shared services agreement. upcounsel accepts only the top 5 percent of lawyers to its site.
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