Broker Commission Agreement Template for Hong Kong

1. Non-Compete Clause: Restricts the broker from working with competitors, used when dealing with sensitive market segments

2. Performance Targets: Sets specific performance metrics and related commission adjustments, used for performance-based arrangements

3. Sub-Broker Arrangements: Addresses the possibility of engaging sub-brokers, used when sub-brokerage is permitted

4. Insurance Requirements: Specifies required insurance coverage, used for high-risk transactions

5. Marketing and Branding: Guidelines for using the principal's brand, used when broker represents the principal publicly

6. Dispute Resolution: Details mediation or arbitration procedures, used for complex arrangements

7. Force Majeure: Addresses unforeseen circumstances affecting performance, used for long-term agreements

8. Intellectual Property: Covers IP rights and usage, used when proprietary systems or materials are involved

1. Commission Rate Schedule: Detailed breakdown of commission rates for different types of transactions or products

2. Service Level Agreement: Specific performance metrics and service standards

3. Approved Products/Services: List of products or services the broker is authorized to sell/promote

4. Compliance Procedures: Detailed compliance requirements and procedures

5. Required Documentation: Templates and forms for transaction documentation

6. Territory Schedule: Definition of geographical areas or market segments covered

7. Contact Details: Key contact persons and escalation matrix for both parties

8. Commission Calculation Examples: Illustrative examples of commission calculations for different scenarios