1. Referral Process: Detailed procedures for handling referrals between parties, including documentation requirements and timelines

2. Non-Compete: Restrictions on competitive activities and protection of business interests during and after the agreement

3. Dispute Resolution: Procedures for resolving conflicts through mediation or arbitration before pursuing legal action

1. Schedule A - Fee Schedule: Detailed breakdown of fee calculations, percentages, and specific commission structures

2. Schedule B - Territory Map: Geographic areas covered by the agreement, including any exclusive territories

3. Schedule C - Required Licenses: Copies of relevant broker licenses and certifications

4. Schedule D - Payment Procedures: Detailed instructions for payment processing, including bank details and payment forms

A broker fee sharing agreement, also known as a fee splitting arrangement, is a contractual agreement between two or more recruitment agencies or headhunters. It outlines how they will share the placement fees or commissions earned when a candidate is successfully placed with a client company. This type of agreement is common when agencies collaborate on filling a job vacancy, with one agency sourcing the candidate and the other handling the client relationship. The agreement specifies the percentage split of the fee, ensuring fair compensation for the work done by each party. It's crucial to have a well-drafted agreement to avoid disputes and comply with UK regulations on agency fees.

In the United Kingdom, both brokers involved in a fee split arrangement are typically required to sign the fee split contract. This contract outlines the terms and conditions of the fee sharing agreement, including the percentage split and any other relevant details. By signing the contract, both parties acknowledge their understanding and acceptance of the terms. It's crucial to have a written agreement in place to avoid any misunderstandings or disputes down the line. For more information on fee split contracts and broker regulations in the UK, you can refer to the on fee split arrangements.