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Commission Share Agreement
"I need a Commission Share Agreement for our real estate agency to engage independent property consultants, with a tiered commission structure ranging from 2% to 5% based on property value, and the agreement should commence from January 1, 2025."
1. Parties: Identifies and provides full details of the parties entering into the agreement, including their legal names, addresses, and registration details if applicable
2. Background: Sets out the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Appointment and Scope: Establishes the nature of the relationship and the scope of services/products covered by the commission arrangement
5. Commission Structure: Details the agreed commission rates, tiers if applicable, and basis for calculation
6. Payment Terms: Specifies when and how commission payments will be made, including payment frequency and method
7. Reporting and Documentation: Outlines the requirements for sales reporting, documentation, and verification of commission calculations
8. Rights and Obligations: Lists the specific duties and responsibilities of each party under the agreement
9. Term and Termination: Specifies the duration of the agreement and conditions for termination
10. Confidentiality: Establishes obligations regarding confidential information shared during the course of the agreement
11. Governing Law: Specifies that Philippine law governs the agreement and outlines dispute resolution procedures
12. General Provisions: Includes standard contractual provisions such as force majeure, entire agreement, and amendments
1. Non-Compete: Restrictions on competitive activities - include when protecting market share or client relationships is crucial
2. Performance Targets: Specific sales or performance goals - include when commission rates are tied to performance levels
3. Training and Support: Details of training or support provided - include when significant product knowledge or training is required
4. Insurance Requirements: Specific insurance coverage requirements - include when dealing with high-value products or services
5. Intellectual Property: IP rights and usage - include when branded materials or proprietary information is involved
6. Data Protection: Specific data handling requirements - include when personal or sensitive data processing is involved
7. Marketing and Promotion: Guidelines for marketing activities - include when the commissioner will be involved in promotion
8. Territory Restrictions: Geographic limitations - include when territory exclusivity is granted
1. Schedule A - Commission Rates: Detailed breakdown of commission rates, including any tiered structure and calculation examples
2. Schedule B - Products/Services: Comprehensive list of products or services covered by the commission arrangement
3. Schedule C - Reporting Template: Standard format for sales reporting and commission calculations
4. Schedule D - Performance Metrics: Detailed performance indicators and measurement criteria if applicable
5. Schedule E - Territory Map: Geographic boundaries of the territory if applicable
6. Appendix 1 - Contact Details: Key contact information for both parties
7. Appendix 2 - Required Documentation: List of documents required for commission claims and verification
Authors
Applicable Law
Business Day
Commission
Commission Period
Commission Rate
Confidential Information
Customer
Effective Date
Force Majeure
Gross Sales
Initial Term
Intellectual Property Rights
Net Sales
Party/Parties
Principal
Products
Quarter
Renewal Term
Sales Report
Services
Territory
Term
Termination Date
Trade Secrets
Commission Payment Date
Performance Targets
Qualified Sale
Reporting Period
Sales Target
Commission Threshold
Exclusivity
Material Breach
Payment Method
Representative
Working Hours
Permitted Purpose
Commission Statement
Verification Period
Bonus Commission
Intellectual Property
Affiliate
Business Opportunity
Competing Business
Qualified Lead
Reference Period
Supporting Documentation
Appointment
Term and Duration
Commission Structure
Payment Terms
Calculation Method
Performance Requirements
Reporting Obligations
Documentation Requirements
Audit Rights
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Representations and Warranties
Indemnification
Limitation of Liability
Force Majeure
Termination
Post-Termination Obligations
Assignment
Amendments
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Data Protection
Compliance with Laws
Territory Rights
Exclusivity
Training and Support
Marketing and Promotion
Record Keeping
Insurance
Relationship of Parties
Third Party Rights
Waiver
Good Faith
Survival
Costs and Expenses
Retail
Real Estate
Insurance
Financial Services
Technology
Telecommunications
Manufacturing
Professional Services
Healthcare
Automotive
Consumer Goods
Travel and Tourism
Education
Entertainment
Construction
Sales
Legal
Finance
Human Resources
Business Development
Operations
Compliance
Commercial
Partner Relations
Revenue Operations
Marketing
Account Management
Sales Director
Business Development Manager
Commission Agent
Sales Representative
Channel Partner Manager
Chief Revenue Officer
Legal Counsel
Compliance Officer
Finance Manager
Human Resources Director
Commercial Director
Partnership Manager
Regional Sales Manager
Marketing Director
Account Executive
Business Owner
Managing Director
Operations Manager
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