Split Sales Commission Agreement Template for Philippines

1. Non-Compete: Restrictions on competing activities, used when parties want to protect their business interests

2. Territory Restrictions: Geographical limitations on sales activities, included when specific territories are assigned

3. Performance Targets: Minimum performance requirements and consequences for not meeting them, used in performance-based arrangements

4. Dispute Resolution: Detailed procedures for resolving disputes, including mediation or arbitration, used in high-value agreements

5. Insurance Requirements: Specific insurance coverage requirements, included when risk management is a concern

6. Intellectual Property: Protection of IP rights, included when sales involve branded products or proprietary information

7. Training and Support: Details of any training or support provided, included when one party needs to support the other's sales efforts

1. Schedule A - Commission Calculation Method: Detailed formula and examples of how commissions are calculated

2. Schedule B - Product/Service List: Complete list of products or services covered by the agreement with respective commission rates

3. Schedule C - Sales Territory Map: Geographical definition of sales territories if applicable

4. Schedule D - Reporting Templates: Standard forms and templates for sales and commission reporting

5. Schedule E - Performance Metrics: Detailed performance standards and evaluation criteria

6. Appendix 1 - Required Documentation: List of documents required for commission claims and verification

7. Appendix 2 - Payment Procedures: Step-by-step procedures for commission payment processing and verification