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Fee Share Agreement
"I need a Fee Share Agreement between my law firm and a referring consultant in Karachi, with a 20% referral fee structure and quarterly payments starting from March 2025."
1. Parties: Identification of all parties to the agreement with their full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement, relationship between parties, and purpose of the fee sharing arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Fee Sharing Structure: Detailed explanation of how fees will be split, including percentages or fixed amounts
5. Payment Terms: Timeline and method of fee calculations, payments, and any applicable payment conditions
6. Obligations of Parties: Rights and responsibilities of each party in the fee-sharing arrangement
7. Record Keeping: Requirements for maintaining financial records and documentation
8. Confidentiality: Provisions protecting confidential information shared between parties
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Governing Law: Specification of Pakistani law as governing law and jurisdiction
11. Dispute Resolution: Process for resolving disputes between parties
1. Non-Competition: Restrictions on competitive activities, used when parties operate in the same industry
2. Intellectual Property: IP ownership and usage rights, needed when the fee sharing involves creative or technical work
3. Insurance: Insurance requirements, important when fee sharing involves professional services or high-risk activities
4. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term arrangements
5. Assignment: Rules regarding transfer of rights, important for agreements where personal performance is crucial
6. Regulatory Compliance: Specific compliance requirements, necessary for regulated industries
7. Audit Rights: Right to audit financial records, important in complex fee-sharing arrangements
1. Schedule 1 - Fee Calculation Method: Detailed methodology for calculating shared fees, including formulas and examples
2. Schedule 2 - Payment Procedures: Step-by-step process for fee calculations, invoicing, and payment
3. Schedule 3 - Authorized Representatives: List of designated representatives from each party authorized to handle fee-sharing matters
4. Schedule 4 - Reporting Templates: Standard formats for financial reporting and fee calculations
5. Appendix A - Required Documentation: List of documents required for fee calculations and verification
6. Appendix B - Compliance Checklist: Checklist of regulatory and operational compliance requirements
Authors
Legal Services
Healthcare
Real Estate
Financial Services
Professional Services
Consulting
Business Advisory
Technology Services
Education
Recruitment
Legal
Finance
Business Development
Operations
Compliance
Commercial
Partnership Management
Professional Services
Administration
Risk Management
Managing Partner
Chief Financial Officer
Business Development Manager
Professional Consultant
Legal Counsel
Finance Director
Operations Manager
Practice Manager
Compliance Officer
Partnership Director
Senior Associate
Business Owner
Executive Director
Commercial Manager
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