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Success Fee Agreement
"I need a Success Fee Agreement for my management consulting firm, where we will receive 2% of cost savings achieved for the client over 12 months starting March 2025, with monthly performance reviews and partial success provisions."
1. Parties: Identification and details of contracting parties
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Description of services to be provided
5. Success Criteria: Clear definition of what constitutes success
6. Fee Structure: Calculation method and payment terms for success fees
7. Payment Terms: Timing and method of payment
8. Term and Termination: Duration and termination provisions
1. Exclusivity: Provisions regarding exclusive service arrangements between the parties
2. Expenses: Treatment of expenses and reimbursements separate from success fees
3. Performance Metrics: Additional performance measurements and evaluation criteria
4. Partial Success: Provisions for partial achievement of success criteria and corresponding fee adjustments
1. Success Criteria Schedule: Detailed description of success metrics and calculations
2. Fee Calculation Schedule: Detailed breakdown of fee calculation methodology
3. Service Description Schedule: Detailed scope of services
4. Timeline Schedule: Key dates and milestones
Authors
Success Criteria
Services
Effective Date
Term
Completion Date
Target
Milestone
Business Day
Confidential Information
Force Majeure Event
Intellectual Property Rights
Performance Metrics
Project
Representatives
Service Provider
Client
Base Fee
Payment Date
Successful Completion
Partial Success
Transaction Value
Calculation Period
Excluded Services
Material Adverse Change
Affiliate
Related Party
Territory
Applicable Law
GST
Appointment
Services
Success Criteria
Success Fee Calculation
Payment Terms
Expenses
Obligations of Service Provider
Client Obligations
Representations and Warranties
Confidentiality
Intellectual Property
Non-Solicitation
Non-Competition
Term and Duration
Termination
Consequences of Termination
Force Majeure
Assignment
Subcontracting
Indemnification
Limitation of Liability
Insurance
Notices
Amendments
Entire Agreement
Severability
Waiver
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
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