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Fee Split Agreement

Fee Split Agreement Template for Philippines

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Key Requirements PROMPT example:

Fee Split Agreement

"I need a Fee Split Agreement for my real estate consultancy in Manila, where I want to share 30% of client fees with associate consultants who bring in new business, starting from January 2025."

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Document background
The Fee Split Agreement is commonly used in the Philippines when two or more parties wish to formalize an arrangement for sharing professional fees, commissions, or revenue generated from joint business activities. This document is essential in professional services, real estate transactions, consulting arrangements, and other business contexts where fee sharing is appropriate and legally permitted. The agreement must comply with Philippine Civil Code requirements, tax regulations, and specific industry regulations where applicable. It typically includes detailed provisions for fee calculation, payment procedures, tax compliance, and dispute resolution mechanisms. The document is particularly important in ensuring transparency, preventing disputes, and maintaining compliance with Philippine legal requirements regarding revenue sharing and professional fee arrangements.
Suggested Sections

1. Parties: Identification and details of all parties involved in the fee-splitting arrangement

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Key terms used throughout the agreement

4. Fee Structure: Detailed explanation of how fees are calculated and the agreed-upon split percentages

5. Payment Terms: Timing, method, and currency of payments, including payment verification procedures

6. Obligations of the Parties: Specific responsibilities of each party in generating and collecting fees

7. Record Keeping and Audit Rights: Requirements for maintaining financial records and rights to audit

8. Tax Compliance: Responsibilities for tax payments and reporting under Philippine tax laws

9. Confidentiality: Protection of confidential information shared between parties

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

11. Dispute Resolution: Process for resolving disagreements under Philippine law

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

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

Optional Sections

1. Non-Compete: Restrictions on competitive activities, used when parties operate in the same industry

2. International Payments: Additional provisions for cross-border fee splitting, including forex considerations

3. Third Party Rights: Provisions regarding the involvement of third parties in the fee-splitting arrangement

4. Intellectual Property: IP rights and usage terms, relevant when the fee splitting involves IP-based services

5. Force Majeure: Provisions for unforeseen circumstances affecting fee generation or payment

6. Anti-Corruption Compliance: Detailed compliance requirements when dealing with government entities or regulated industries

7. Insurance: Insurance requirements when the agreement involves high-value transactions or significant risks

Suggested Schedules

1. Schedule A - Fee Calculation Method: Detailed methodology for calculating fees and splits

2. Schedule B - Payment Procedures: Step-by-step process for fee collection, calculation, and distribution

3. Schedule C - Reporting Templates: Standard forms for regular financial reporting between parties

4. Schedule D - Authorized Representatives: List of designated individuals authorized to handle fee-related matters

5. Appendix 1 - Tax Compliance Requirements: Specific requirements under Philippine tax laws

6. Appendix 2 - Audit Procedures: Detailed procedures for conducting financial audits

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Business Day
Commencement Date
Confidential Information
Effective Date
Fee
Fee Split
Fee Split Period
Force Majeure Event
Gross Revenue
Initial Term
Net Revenue
Payment Date
Payment Method
Professional Services
Records
Reference Period
Renewal Term
Services
Split Percentage
Tax
Term
Territory
Working Hours
Client
Commission
Dispute
Intellectual Property Rights
Material Breach
Operating Expenses
Parties
Payment Currency
Regulatory Requirements
Revenue Share
Settlement Period
Third Party
Clauses
Interpretation
Definitions
Fee Calculation
Payment Terms
Revenue Recognition
Distribution of Fees
Record Keeping
Audit Rights
Tax Compliance
Confidentiality
Non-Competition
Non-Solicitation
Representations and Warranties
Obligations
Term and Duration
Termination
Force Majeure
Intellectual Property
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Compliance with Laws
Anti-Corruption
Data Protection
Independent Contractor
Insurance
Indemnification
Authority
Relationship of Parties
Relevant Industries

Professional Services

Legal Services

Real Estate

Financial Services

Healthcare

Consulting

Business Services

Insurance

Property Management

Investment Services

Recruitment

Technology Services

Relevant Teams

Legal

Finance

Compliance

Operations

Business Development

Accounts

Tax

Partnerships

Revenue Management

Contract Administration

Relevant Roles

Managing Partner

Chief Financial Officer

Business Development Manager

Legal Counsel

Compliance Officer

Finance Manager

Operations Director

Professional Practice Manager

Account Manager

Partnership Director

Revenue Manager

Tax Manager

Contract Administrator

Business Partner

Commission Administrator

Industries
Civil Code of the Philippines (Republic Act No. 386): Fundamental law governing contracts, obligations, and general principles of agreements in the Philippines
National Internal Revenue Code (NIRC) of 1997: Governs taxation aspects of fee-splitting arrangements, including income tax obligations and proper declaration of shared revenues
Corporation Code of the Philippines (Batas Pambansa Blg. 68): Relevant if any parties are corporations, governing corporate powers and limitations in revenue-sharing arrangements
Anti-Graft and Corrupt Practices Act (Republic Act No. 3019): Ensures fee-splitting arrangement does not violate anti-corruption laws, particularly important if government entities or officials are involved
Professional Regulation Commission (PRC) Rules: If the fee-splitting involves regulated professionals, specific PRC guidelines on fee-sharing must be followed
Consumer Act of the Philippines (Republic Act No. 7394): Relevant if the fee-splitting arrangement affects consumer services, ensuring transparency and fair practices
E-Commerce Act (Republic Act No. 8792): Applicable if the fee-splitting agreement involves online transactions or electronic payment systems
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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