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Broker Commission Agreement
"Need a Broker Commission Agreement for a Singapore-based financial services company engaging multiple independent brokers to sell investment products, with a tiered commission structure and quarterly performance targets starting from March 2025."
1. Parties: Identification of the broker and principal parties
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of broker's services and responsibilities
5. Commission Structure: Calculation method, payment terms, and conditions for broker's commission
6. Term and Termination: Duration of agreement, renewal terms, and termination provisions
7. Obligations of Parties: Detailed responsibilities and duties of both the broker and principal
8. Representations and Warranties: Statements of fact and promises made by both parties
9. Compliance with Laws: Obligations to comply with relevant legislation and regulations
10. Confidentiality: Protection and handling of confidential information
11. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes
1. Non-Compete: Restrictions on broker's competing activities during and after the agreement
2. Minimum Performance Requirements: Specific performance targets and metrics for the broker
3. Training and Support: Principal's obligations regarding training and resource provision
4. Insurance Requirements: Specific insurance coverage requirements for the broker
5. Data Protection: Specific provisions for handling personal data under PDPA
1. Commission Rate Card: Detailed breakdown of commission rates and calculation methods
2. Territory Schedule: Definition of geographical coverage and any territorial restrictions
3. Product Schedule: Comprehensive list of products or services covered under the agreement
4. Service Level Agreement: Detailed performance metrics, standards, and response times
5. Compliance Requirements: Specific regulatory requirements and compliance procedures
Authors
Applicable Laws
Broker
Broker Services
Business Day
Commission
Confidential Information
Effective Date
Force Majeure Event
Intellectual Property Rights
MAS
Material Breach
Notice
Principal
Products
Regulatory Approvals
Services
Term
Territory
Transaction
Working Hours
Commission Rate
Gross Sales Value
Performance Targets
Qualifying Transaction
Relevant Market
Regulatory Requirements
Service Level Standards
Success Fee
Target Client
Commission Period
Payment Date
Termination Date
Excluded Transactions
Client
Scope of Services
Commission Structure
Payment Terms
Performance Requirements
Regulatory Compliance
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Term and Duration
Termination
Force Majeure
Indemnification
Insurance
Record Keeping
Audit Rights
Intellectual Property
Data Protection
Anti-Money Laundering
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Relationship of Parties
Third Party Rights
Counterparts
Reporting Requirements
Territory Restrictions
Client Relations
Marketing and Promotion
Training and Support
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