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1. Parties: Identification of the parties entering into the agreement (typically the brokerage firm and the broker)
2. Background: Context of the agreement, including the broker's qualifications and the nature of the business relationship
3. Definitions: Key terms used throughout the agreement, including types of transactions, compensation components, and regulatory terms
4. Scope of Services: Detailed description of brokerage services to be provided and any territorial limitations
5. Compensation Structure: Core compensation terms including commission rates, base salary (if any), and payment calculation methods
6. Payment Terms: Timing and method of compensation payments, including any holdbacks or deferred compensation
7. Regulatory Compliance: Obligations to comply with relevant securities laws, IIROC rules, and other applicable regulations
8. Confidentiality: Protection of confidential information and trade secrets
9. Term and Termination: Duration of the agreement and conditions for termination
10. Representations and Warranties: Standard declarations regarding licensing, qualifications, and compliance status
11. Indemnification: Mutual protection against claims and losses
12. General Provisions: Standard clauses including governing law, amendments, and notices
1. Non-Solicitation: Restrictions on soliciting clients or employees, included when protecting client relationships is crucial
2. Non-Competition: Restrictions on competing activities, used when protecting market position is important
3. Performance Metrics: Specific performance targets and related bonus structures, included for performance-based compensation
4. Team Structure: Terms for working within or managing a team, used for team-based brokerage operations
5. Training Requirements: Ongoing professional development obligations, included for firms with specific training programs
6. Expense Reimbursement: Terms for business expense coverage, used when broker expenses are shared
7. Benefits Package: Details of additional benefits, included when offering comprehensive compensation packages
8. Dispute Resolution: Specific procedures for resolving disputes, included when alternative dispute resolution is preferred
1. Schedule A - Commission Rates: Detailed breakdown of commission rates for different types of transactions
2. Schedule B - Performance Bonus Structure: Specific metrics and corresponding bonus calculations
3. Schedule C - Approved Outside Business Activities: List of permitted activities outside the primary brokerage role
4. Schedule D - Compliance Procedures: Specific compliance requirements and procedures to be followed
5. Schedule E - Territory Definition: Detailed description of assigned geographical territory or client segments
6. Appendix 1 - Required Licenses and Certifications: List of mandatory professional qualifications and deadlines for obtaining them
7. Appendix 2 - Technology and Support Services: Details of technology, tools, and support services provided by the firm
Applicable Laws
Assets Under Management
Base Salary
Broker
Brokerage Firm
Business Day
Client
Commission
Compensation Period
Confidential Information
Deferred Compensation
Effective Date
Gross Commission Revenue
IIROC
Investment Products
Net Commission Revenue
Non-Solicitation Period
Payment Date
Performance Metrics
Production Credits
Professional Licenses
Quarterly Bonus
Regulatory Authority
Representative
Revenue Share
Securities
Services
Target Performance
Term
Territory
Termination Date
Transaction
Trailing Commission
Transition Period
Commission Structure
Performance Metrics
Payment Terms
Regulatory Compliance
Licensing Requirements
Confidentiality
Non-Competition
Non-Solicitation
Term and Termination
Representations and Warranties
Indemnification
Insurance Requirements
Record Keeping
Dispute Resolution
Assignment
Amendment
Notice
Severability
Governing Law
Entire Agreement
Force Majeure
Intellectual Property
Client Relations
Compliance Training
Expense Reimbursement
Benefits
Territory Definition
Reporting Requirements
Audit Rights
Financial Services
Investment Banking
Securities Trading
Wealth Management
Insurance Brokerage
Real Estate Brokerage
Commodity Trading
Investment Management
Private Banking
Corporate Finance
Legal
Compliance
Human Resources
Finance
Operations
Risk Management
Compensation and Benefits
Wealth Management
Trading
Investment Advisory
Broker
Financial Advisor
Investment Advisor
Securities Trader
Wealth Manager
Portfolio Manager
Investment Representative
Financial Services Representative
Branch Manager
Compliance Officer
Human Resources Director
Compensation Specialist
Legal Counsel
Chief Financial Officer
Chief Operating Officer
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