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Agent To Agent Commission Agreement
"I need an Agent to Agent Commission Agreement for my real estate business in Kuala Lumpur, where I want to establish a 60-40 commission split with another agent who will help source international property buyers."
1. Parties: Identification and details of both agents entering into the agreement
2. Background: Context of the agreement and brief description of the agents' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Details of the collaborative relationship and scope of services
5. Commission Structure: Basic commission rates, calculation methods, and payment terms
6. Payment Terms: Timeline and method of commission payments, including currency and payment procedures
7. Obligations of First Agent: Duties and responsibilities of the first agent
8. Obligations of Second Agent: Duties and responsibilities of the second agent
9. Confidentiality: Protection of confidential information shared between parties
10. Term and Termination: Duration of agreement and conditions for termination
11. Dispute Resolution: Procedures for handling disputes between the agents
12. Governing Law: Specification of Malaysian law as governing law and jurisdiction
13. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Non-Compete: Restrictions on competing activities, used when agents operate in similar markets
2. Intellectual Property: Protection of IP rights, needed when branded materials or proprietary information is shared
3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets
4. Insurance: Insurance requirements, important when high-value transactions are involved
5. Data Protection: Compliance with data protection laws, necessary when personal data is processed
6. Marketing and Branding: Guidelines for marketing activities, relevant when joint promotion is involved
7. Training and Support: Details of any training or support provided between agents
8. Compliance with Anti-Money Laundering Laws: Specific provisions for AML compliance, necessary for financial services
1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates for different products or services
2. Schedule 2 - Territory Allocation: Geographical areas or market segments covered by the agreement
3. Schedule 3 - Products and Services: List of products or services covered under the commission arrangement
4. Schedule 4 - Payment Calculation Examples: Examples of commission calculations for different scenarios
5. Schedule 5 - Reporting Templates: Standard formats for commission reports and tracking
6. Appendix A - Contact Details: Key contact information for both parties
7. Appendix B - Required Documentation: List of documents required for commission claims
Authors
Real Estate
Insurance
Financial Services
Travel and Tourism
Import/Export
Business Consulting
Manufacturing
Technology Services
Telecommunications
Retail and Distribution
Sales
Business Development
Commercial Operations
Partner Relations
Legal
Finance
Compliance
Operations
Channel Management
Contract Administration
Business Development Manager
Sales Director
Commercial Agent
Regional Sales Manager
Channel Partner Manager
Business Agent
Sales Representative
Commission Agent
Partner Relations Manager
Agency Director
Business Broker
Distribution Manager
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