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Split Commission Agreement
"I need a Split Commission Agreement under Dutch law for a real estate brokerage arrangement between our main agency and three independent agents, with a 60-20-20 commission split structure starting from March 2025."
1. Parties: Identification of all parties involved in the commission split arrangement
2. Background: Context of the agreement and business relationship between the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Commission Structure: Detailed explanation of how commissions will be split between parties
5. Calculation Method: Specific methodology for calculating commission shares
6. Payment Terms: Timeline and methods for commission payments
7. Parties' Obligations: Specific duties and responsibilities of each party
8. Record Keeping: Requirements for maintaining commission-related records and documentation
9. Audit Rights: Provisions for verifying commission calculations and payments
10. Confidentiality: Protection of confidential information shared between parties
11. Term and Termination: Duration of agreement and conditions for termination
12. Governing Law and Jurisdiction: Specification of Dutch law application and jurisdiction
13. General Provisions: Standard contractual clauses including notices, amendments, and severability
1. Non-Compete: Restrictions on competitive activities, if applicable to the business relationship
2. Intellectual Property: IP rights and usage terms, if relevant to the commission-generating activities
3. Force Majeure: Provisions for unforeseen circumstances affecting commission generation
4. Data Protection: GDPR compliance provisions if personal data is processed
5. Insurance: Insurance requirements if specific coverage is needed for the activities
6. Assignment: Rights to assign the agreement to third parties, if permitted
7. Dispute Resolution: Alternative dispute resolution procedures if preferred over court proceedings
1. Commission Calculation Schedule: Detailed formulas and examples of commission calculations
2. Product/Service Schedule: List of products/services covered by the commission arrangement
3. Territory Schedule: Geographic areas covered by the agreement, if applicable
4. Commission Rates Schedule: Detailed breakdown of commission percentages for different scenarios
5. Reporting Template: Standard format for commission reporting and reconciliation
6. Key Performance Indicators: Metrics used to evaluate performance and commission eligibility
7. Contact Details: List of key contacts and their roles in managing the commission arrangement
Authors
Real Estate
Insurance
Financial Services
Recruitment
Business Consulting
Sales & Distribution
Commercial Property
Investment Services
Professional Services
Retail & Wholesale
Sales
Business Development
Legal
Finance
Compliance
Operations
Commercial
Account Management
Administration
Risk Management
Sales Director
Business Development Manager
Commercial Director
Account Manager
Sales Agent
Broker
Partner
Commission Administrator
Financial Controller
Compliance Officer
Legal Counsel
Operations Manager
Regional Sales Manager
Channel Manager
Agency Manager
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