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Commission Agreement Between Brokers
"I need a Commission Agreement Between Brokers for my Jakarta-based securities brokerage firm to collaborate with a Singapore-based broker, with a 60-40 commission split for cross-border trades and specific compliance with Indonesian OJK regulations."
1. Parties: Identification of the brokers entering into the agreement, including their licensed status and registration details
2. Background: Context of the agreement and the intention to collaborate on commission sharing
3. Definitions: Key terms used throughout the agreement, including specific industry terminology
4. Scope of Collaboration: Details of the business relationship and types of transactions covered
5. Commission Structure: Framework for calculating and sharing commissions between the parties
6. Payment Terms: Timing, method, and currency of commission payments
7. Obligations and Responsibilities: Duties of each broker in the relationship, including regulatory compliance
8. Representations and Warranties: Statements confirming each party's authority, licenses, and capacity to enter the agreement
9. Confidentiality: Protection of sensitive business information shared between parties
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Dispute Resolution: Process for resolving disagreements under Indonesian law
12. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction
13. General Provisions: Standard clauses including notices, amendments, and severability
1. Non-Compete: Restrictions on competing activities, used when parties want to protect their business interests
2. Cross-Border Transactions: Additional provisions for international deals, included when parties operate across multiple jurisdictions
3. Training and Support: Terms for mutual training or support services, included when parties agree to provide additional services
4. Marketing and Branding: Guidelines for using each other's brands, included when joint marketing is planned
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets
6. Insurance Requirements: Specific insurance obligations, included when additional coverage is required
7. Data Protection: Additional privacy and data handling requirements, when dealing with sensitive client information
1. Schedule A - Commission Rates: Detailed breakdown of commission percentages for different types of transactions
2. Schedule B - Territory Allocation: Geographic areas or market segments covered by the agreement
3. Schedule C - Required Licenses: List of regulatory licenses and certifications held by each party
4. Schedule D - Reporting Template: Standard format for commission calculations and reporting
5. Schedule E - Contact Details: Key personnel and official communication channels
6. Appendix 1 - Compliance Procedures: Detailed procedures for ensuring regulatory compliance
7. Appendix 2 - Service Level Standards: Performance metrics and service quality standards
Authors
Applicable Laws
Broker Services
Business Day
Client
Commission
Commission Period
Confidential Information
Effective Date
Force Majeure Event
Intellectual Property Rights
Lead Broker
Licensed Activities
Net Commission
OJK
Participating Broker
Payment Date
Qualifying Transaction
Referral
Regulatory Approvals
Related Party
Service Territory
Split Commission
Sub-broker
Term
Transaction
Transaction Documents
Working Hours
Recitals
Definitions
Scope of Agreement
Term and Duration
Commission Structure
Payment Terms
Calculation Method
Broker Obligations
Regulatory Compliance
Licensing Requirements
Representations and Warranties
Confidentiality
Non-Compete
Non-Solicitation
Record Keeping
Reporting Requirements
Intellectual Property
Data Protection
Dispute Resolution
Governing Law
Force Majeure
Termination
Assignment
Notices
Amendment
Severability
Entire Agreement
Counterparts
Third Party Rights
Anti-Money Laundering
Indemnification
Insurance
Tax Obligations
Territory Rights
Performance Standards
Client Protection
Business Ethics
Marketing and Branding
Audit Rights
Financial Services
Real Estate
Insurance
Commodities Trading
Securities Trading
Investment Banking
Foreign Exchange
Commercial Property
Agricultural Commodities
Precious Metals Trading
Legal
Compliance
Operations
Finance
Business Development
Risk Management
Broker Relations
Partnership Management
Regulatory Affairs
Commission Administration
Broker
Senior Broker
Managing Broker
Compliance Officer
Legal Counsel
Business Development Manager
Operations Manager
Finance Director
Partnership Manager
Risk Manager
Commission Account Manager
Broker Relations Manager
Chief Operating Officer
Regulatory Affairs Director
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