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Agent To Agent Commission Agreement Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Agent to Agent Commission Agreement serves as a crucial document for businesses in Malaysia where two agents wish to formalize their collaboration and commission-sharing arrangements. This agreement is particularly relevant when agents from different organizations or independent agents decide to work together to generate business opportunities, defining how commissions will be split and establishing clear operational guidelines. The document ensures compliance with Malaysian commercial law while providing a framework for successful business collaboration. It is commonly used in situations where agents need to pool their resources, contacts, or expertise to secure larger deals or enter new markets, while maintaining clear terms for financial compensation and responsibilities.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























Clauses






























Relevant Industries

Real Estate

Insurance

Financial Services

Travel and Tourism

Import/Export

Business Consulting

Manufacturing

Technology Services

Telecommunications

Retail and Distribution

Relevant Teams

Sales

Business Development

Commercial Operations

Partner Relations

Legal

Finance

Compliance

Operations

Channel Management

Contract Administration

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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