Episode 7: the 5-step process for creating and implementing ICAs

Paul Sutton explains the firm’s 5-step process for creating and implementing effective ICAs. In the course of explaining each stage in detail, he highlights the importance of:

• Ensuring that ICAs have legal substance, and integrating the legal considerations from the outset
• Understanding the precise nature of the key transactions, and establishing the ‘legal anchor points’
• Working effectively with the wider team of TP professionals
• Drafting that is brief and clear, using plain language
• Identifying and taking on board the needs of other stakeholders
• Localising agreements to reflect the needs of different countries and entities
• Ensuring that directors have all the information they need to carry out their responsibilities
• Creating – and maintaining – a central online archive of agreements.