The Business Development Commission Agreement is essential for companies looking to expand their business through third-party business developers or agents. This agreement, governed by English and Welsh law, provides a comprehensive framework for commission-based business development relationships, defining the terms of engagement, compensation structure, and performance expectations. It's particularly valuable when companies want to incentivize business growth through commission-based arrangements while maintaining clear legal boundaries and protections for all parties involved.
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1. 1. Parties: Identification and details of the contracting parties
2. 2. Background: Context and purpose of the agreement
3. 3. Definitions: Key terms used throughout the agreement
4. 4. Appointment and Scope: Terms of appointment and services to be provided
5. 5. Commission Structure: Calculation and payment terms for commission
6. 6. Obligations of the Parties: Duties and responsibilities of each party
7. 7. Term and Termination: Duration and termination provisions
8. 8. Confidentiality: Protection of confidential information
9. 9. Governing Law: Applicable law and jurisdiction
1. Non-Compete: Restrictions on competitive activities - include when protecting business interests from competition
2. Intellectual Property: IP ownership and usage rights - include when IP is created or shared during business development
3. Force Majeure: Provisions for unforeseen circumstances - include when long-term commitments are involved
4. Data Protection: GDPR compliance provisions - include when personal data is processed
1. Schedule 1 - Commission Rates: Detailed breakdown of commission structures and calculations
2. Schedule 2 - Territory: Definition of geographical areas covered by the agreement
3. Schedule 3 - Products/Services: List of products/services covered by the agreement
4. Schedule 4 - Reporting Template: Standard format for activity and commission reports
5. Schedule 5 - KPIs: Performance metrics and targets
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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