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1. Parties: Identifies and provides full legal details of all parties involved in the commission splitting arrangement
2. Background: Explains the context of the agreement and the business relationship between the parties
3. Definitions: Defines key terms used throughout the agreement, including 'Commission', 'Gross Revenue', 'Territory', etc.
4. Commission Structure: Details the agreed-upon commission split percentages and calculation methods
5. Payment Terms: Specifies payment frequency, method, currency, and timing of commission payments
6. Reporting and Accountability: Outlines requirements for sales reporting, documentation, and verification of commission calculations
7. Term and Termination: Specifies the duration of the agreement and conditions for termination
8. Confidentiality: Protects confidential information shared between parties
9. Non-Circumvention: Prevents parties from bypassing each other to avoid commission payments
10. Dispute Resolution: Establishes procedures for resolving disagreements
11. Governing Law: Specifies applicable law and jurisdiction
12. General Provisions: Includes standard boilerplate clauses such as force majeure, notices, and amendments
1. Non-Compete: Restricts parties from competing directly with each other - include when parties operate in the same industry
2. Territory Restrictions: Defines geographical limitations on the commission arrangement - include when splitting is territory-based
3. Training and Support: Outlines any training or support obligations - include when one party must provide support to the other
4. Insurance Requirements: Specifies required insurance coverage - include when dealing with regulated industries or high-value transactions
5. Marketing and Branding: Sets rules for use of trademarks and marketing materials - include when joint marketing is involved
6. Regulatory Compliance: Addresses specific regulatory requirements - include when operating in regulated industries
7. Data Protection: Details data handling requirements - include when personal data is processed
8. Minimum Performance Requirements: Sets performance targets - include when maintaining certain sales levels is crucial
1. Schedule A - Commission Rates: Detailed breakdown of commission percentages, including any variations based on product types or volumes
2. Schedule B - Territory Map: Visual representation and detailed description of geographical territories if applicable
3. Schedule C - Product List: Comprehensive list of products or services covered by the commission arrangement
4. Schedule D - Reporting Template: Standard format for sales and commission reports
5. Schedule E - Payment Procedures: Detailed procedures for calculating, reporting, and paying commissions
6. Appendix 1 - Contact Information: List of key contacts and their roles for both parties
7. Appendix 2 - Required Documentation: Templates and examples of required documentation for commission claims
Commission
Gross Revenue
Net Revenue
Commission Split
Commission Period
Payment Date
Territory
Products
Services
Qualified Sale
Customer
Client
Confidential Information
Intellectual Property
Business Day
Force Majeure Event
Effective Date
Term
Commission Statement
Sales Report
Referral
Lead
Qualified Lead
Commission Rate
Base Commission
Override Commission
Performance Bonus
Territory Exclusivity
Closing Date
Transaction
Revenue Share
Payment Method
Reporting Period
Agent
Broker
Sub-agent
Working Hours
Applicable Law
Dispute
Material Breach
Commission Structure
Payment Terms
Calculation Method
Reporting Requirements
Confidentiality
Non-Circumvention
Non-Competition
Territory Rights
Term and Duration
Termination
Force Majeure
Representations and Warranties
Indemnification
Dispute Resolution
Governing Law
Assignment
Exclusivity
Performance Standards
Record Keeping
Audit Rights
Intellectual Property
Data Protection
Notices
Amendment
Severability
Entire Agreement
Further Assurance
Good Faith
Relationship of Parties
Regulatory Compliance
Insurance
Survival
Waiver
Time of Essence
Marketing and Promotion
Counterparts
Real Estate
Insurance
Financial Services
Manufacturing
Retail
Technology
Professional Services
Consulting
Distribution and Wholesale
Telecommunications
Sales
Business Development
Legal
Finance
Operations
Accounting
Compliance
Partner Relations
Contract Administration
Revenue Operations
Sales Manager
Business Development Manager
Account Executive
Sales Director
Commission Administrator
Broker
Real Estate Agent
Insurance Agent
Channel Partner Manager
Chief Revenue Officer
Sales Operations Manager
Contract Administrator
Financial Controller
Regional Sales Director
Partnership Manager
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