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Transaction Fee Agreement
"I need a Transaction Fee Agreement for my payment processing company based in Manila, which will charge merchants a 2.5% fee per transaction plus a fixed fee of 50 PHP for international transfers, to be effective from March 1, 2025."
1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement, including 'Transaction', 'Fee', 'Payment Period', etc.
4. Scope of Services: Description of the transactions or services subject to the fee arrangement
5. Fee Structure: Detailed explanation of how fees are calculated and applied
6. Payment Terms: Timeline and method of fee payment, including invoicing procedures
7. Term and Termination: Duration of the agreement and conditions for termination
8. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority
9. Confidentiality: Protection of sensitive information shared during the course of the agreement
10. Governing Law: Specification of Philippine law as governing law and jurisdiction
11. Dispute Resolution: Process for resolving disagreements related to fees or agreement terms
12. Execution: Signature blocks and execution requirements
1. Volume Discounts: Include when offering reduced fees based on transaction volume
2. Special Handling Fees: Add when certain transactions require additional processing or attention
3. Currency and Exchange Rates: Include for international transactions or multiple currency handling
4. Service Level Requirements: Add when fee structure is tied to specific performance metrics
5. Force Majeure: Include for protection against unforeseen circumstances affecting fee collection
6. Assignment: Add when transfer of rights needs to be restricted or permitted
7. Audit Rights: Include when regular verification of fee calculations is needed
8. Insurance Requirements: Add when specific insurance coverage is required for the services
1. Schedule A - Fee Calculator: Detailed breakdown of fee calculation methodology and examples
2. Schedule B - Transaction Types: List and description of all transaction types and their associated fees
3. Schedule C - Payment Procedures: Step-by-step process for fee payment and reconciliation
4. Schedule D - Service Level Metrics: Performance metrics and their impact on fee structure
5. Appendix 1 - Required Forms: Standard forms for fee reporting and invoicing
6. Appendix 2 - Contact Information: List of key contacts for fee-related communications
Authors
Applicable Law
Business Day
Calculation Period
Confidential Information
Effective Date
Fee Schedule
Force Majeure Event
Initial Term
Invoice
Minimum Fee
Payment Date
Payment Method
Processing Fee
Related Services
Renewal Term
Service Provider
Services
Special Handling Fee
Standard Fee
Term
Transaction
Transaction Amount
Transaction Date
Transaction Fee
Transaction Report
Transaction Type
Volume Discount
Working Hours
Philippine Peso
Authorized Representative
Banking Day
Dispute
Electronic Payment
Fee Adjustment
Late Payment Fee
Material Breach
Notice
Service Level
Territory
Services Description
Fee Calculation
Payment Terms
Invoicing
Term and Termination
Representations and Warranties
Confidentiality
Data Protection
Service Levels
Audit Rights
Force Majeure
Indemnification
Limitation of Liability
Assignment
Governing Law
Dispute Resolution
Notices
Amendment
Entire Agreement
Severability
Compliance with Laws
Anti-Money Laundering
Electronic Communications
Volume Commitments
Fee Adjustments
Currency and Exchange
Record Keeping
Performance Standards
Security Measures
Financial Services
Banking
E-commerce
Payment Processing
Professional Services
Technology
Real Estate
Securities Trading
Consulting
Business Process Outsourcing
Legal
Finance
Operations
Compliance
Treasury
Account Management
Risk Management
Business Development
Contract Administration
Chief Financial Officer
Finance Manager
Legal Counsel
Compliance Officer
Operations Manager
Business Development Manager
Account Manager
Treasury Manager
Contract Administrator
Risk Manager
Financial Controller
Transaction Processing Manager
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