Cooperating Broker Commission Agreement Template for Philippines

1. Parties: Identification of the cooperating brokers, including license numbers and business addresses

2. Background: Context of the agreement and the intention to cooperate on real estate transactions

3. Definitions: Key terms used in the agreement, including 'Commission', 'Qualified Transaction', 'Territory', and 'Client'

4. Scope of Cooperation: Details of how the brokers will work together and types of transactions covered

5. Commission Structure: Specific breakdown of commission splits and calculation methods

6. Payment Terms: Timing and method of commission payments, including invoicing requirements

7. Obligations and Responsibilities: Specific duties of each broker in the cooperation arrangement

8. Confidentiality: Protection of shared client information and business data

9. Term and Termination: Duration of the agreement and conditions for termination

10. Dispute Resolution: Process for resolving disagreements between the parties

11. Governing Law: Specification of Philippine law as governing law and jurisdiction

12. General Provisions: Standard clauses including notices, amendments, and severability

1. Schedule A - Commission Structure: Detailed breakdown of commission percentages for different types of transactions

2. Schedule B - Territory Definition: Specific geographical areas or market segments covered by the agreement

3. Schedule C - Required Documentation: List of documents required for commission processing

4. Appendix 1 - Contact Information: Key contacts and escalation matrix for both parties

5. Appendix 2 - Standard Operating Procedures: Detailed procedures for cooperation and transaction handling