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Business Development Contract
"I need a Business Development Contract for engaging an independent contractor to expand our software services across European markets starting January 2025, with a tiered commission structure and specific GDPR compliance requirements."
1. Parties: Identification of the contracting parties including registered addresses and company numbers
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and detailed scope of business development services
5. Term and Termination: Duration of the agreement and circumstances for termination
6. Duties and Responsibilities: Specific obligations of the business developer and the company
7. Compensation and Payment Terms: Fee structure, commission rates, payment schedule, and expenses policy
8. Performance Targets: Specific KPIs, targets, and measurement criteria
9. Confidentiality: Protection of confidential information and trade secrets
10. Intellectual Property: Ownership and usage rights of IP created during the engagement
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation
12. Representations and Warranties: Standard representations by both parties
13. Liability and Indemnification: Limitation of liability and indemnification obligations
14. General Provisions: Standard boilerplate clauses including notices, amendment process, and governing law
1. International Operations: Include when business development activities span multiple jurisdictions
2. Data Protection: Detailed GDPR compliance terms when significant personal data processing is involved
3. Compliance with Industry Regulations: Specific regulatory compliance requirements for regulated industries
4. Force Majeure: Include when external factors could significantly impact performance
5. Insurance Requirements: Detailed insurance obligations when high-value deals are involved
6. Training and Support: Include when company provides specific training or support resources
7. Reporting Requirements: Detailed reporting structures for complex business development arrangements
8. Ethical Business Practices: Include for international business or when dealing with public sector
1. Schedule 1: Territory and Market Segment: Detailed description of geographical territory and target market segments
2. Schedule 2: Commission Structure: Detailed breakdown of commission rates, tiers, and calculation methods
3. Schedule 3: Performance Metrics: Specific KPIs, targets, and evaluation criteria
4. Schedule 4: Approved Expenses: List of approved business expenses and reimbursement procedures
5. Schedule 5: Reporting Templates: Standard templates for activity and performance reporting
6. Schedule 6: Company Policies: Relevant company policies that apply to the business developer
7. Appendix A: Product/Service Information: Details of products/services to be promoted
8. Appendix B: Compliance Procedures: Specific compliance requirements and procedures
Authors
Technology
Financial Services
Professional Services
Manufacturing
Healthcare
Real Estate
Telecommunications
Software and IT
Consulting
Retail
Education
Energy
Construction
Pharmaceuticals
Business Development
Sales
Commercial
Strategic Partnerships
Market Development
Growth
Corporate Development
Account Management
Business Strategy
Legal
Finance
Business Development Manager
Sales Director
Chief Commercial Officer
Market Development Executive
Strategic Partnership Manager
Growth Manager
Business Development Representative
Commercial Director
Account Executive
Sales and Business Development Specialist
Corporate Development Manager
Market Expansion Manager
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