Document background
Cost Sharing Agreements are essential instruments in Singapore's business landscape, particularly used when multiple entities need to allocate and share specific costs, expenses, or resources. These agreements are commonly implemented for joint ventures, group companies, or collaborative projects where parties seek to optimize resource utilization and achieve cost efficiencies. The Cost Sharing Agreement defines the cost allocation methodology, payment mechanisms, and party obligations while ensuring compliance with Singapore's regulatory framework, including tax laws and competition regulations. It provides clarity on shared cost categories, calculation methods, and dispute resolution procedures.
