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Commission Only Contract
"I need a Commission Only Contract for a luxury real estate sales agent in Dubai, starting January 2025, with a 5% commission structure and exclusive territory rights for Downtown Dubai and Palm Jumeirah developments."
1. Parties: Identification of the employer and the employee/commission agent, 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 'Commission', 'Sales', 'Territory', 'Products/Services'
4. Appointment and Term: Scope of appointment, effective date, and duration of the agreement
5. Commission Structure: Detailed explanation of commission rates, calculation methods, and qualifying sales
6. Payment Terms: Timeline and method of commission payments, including compliance with UAE WPS requirements
7. Performance Targets: Minimum performance requirements and sales targets
8. Duties and Responsibilities: Specific obligations of the employee/agent regarding sales, reporting, and conduct
9. Territory and Exclusivity: Definition of geographical area or market segment and any exclusivity rights
10. Reporting and Documentation: Requirements for sales reporting, documentation, and record-keeping
11. Termination: Grounds for termination and notice requirements as per UAE law
12. Post-Termination Obligations: Obligations and rights after contract termination, including commission on pending sales
13. Governing Law and Jurisdiction: Confirmation of UAE law application and dispute resolution procedures
1. Non-Compete and Non-Solicitation: Restrictions on competitive activities and client solicitation, used when protecting business interests is crucial
2. Training and Support: Details of any training or support provided by the employer, included when relevant to the role
3. Expenses and Reimbursement: Terms for business expense handling, included if the agent can incur reimbursable expenses
4. Insurance Requirements: Specific insurance obligations, included for high-risk or regulated industries
5. Intellectual Property Rights: IP protection clauses, included when the agent will handle proprietary information
6. Data Protection: Data handling and privacy requirements, included when dealing with sensitive customer data
7. Force Majeure: Provisions for unforeseen circumstances, included for longer-term arrangements
1. Commission Rates Schedule: Detailed breakdown of commission rates for different products/services
2. Sales Targets Schedule: Specific sales targets and any associated bonus structures
3. Territory Definition: Detailed description or map of the assigned territory
4. Approved Customer List: List of customers or market segments within the agent's scope
5. Reporting Templates: Standard forms for sales reporting and commission calculations
6. Product/Service List: Comprehensive list of products/services covered by the agreement
7. KPI Metrics: Detailed performance indicators and measurement criteria
Authors
Real Estate
Insurance
Financial Services
Retail
Automotive
Technology Sales
Advertising and Media
Professional Services
Manufacturing
Telecommunications
Hospitality
Healthcare Products
Construction Materials
Export/Import
Luxury Goods
Human Resources
Legal
Sales
Business Development
Finance
Compliance
Operations
Compensation & Benefits
Recruitment
Performance Management
Sales Representative
Business Development Manager
Real Estate Agent
Insurance Broker
Account Executive
Territory Sales Manager
Commission-Based Consultant
Sales Agent
Business Development Executive
Financial Products Advisor
Direct Sales Representative
Channel Sales Manager
Property Consultant
Marketing Representative
Independent Sales Contractor
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