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Split Fee Agreement
"I need a Split Fee Agreement for a real estate brokerage partnership where my firm will share 30% of commission fees with a partner agency for all property sales in Karachi, starting from March 2025."
1. Parties: Identifies and provides full details of all parties entering into the agreement
2. Background: Sets out the context and purpose of the agreement, including the nature of the business relationship
3. Definitions: Defines key terms used throughout the agreement for clarity and precision
4. Fee Structure: Details the agreed split fee arrangement, including percentages or fixed amounts
5. Payment Terms: Specifies payment timing, method, and currency of fee payments
6. Services: Outlines the services or activities that will generate the fees to be split
7. Obligations: Details the responsibilities and duties of each party
8. Term and Termination: Specifies the duration of the agreement and conditions for termination
9. Confidentiality: Establishes confidentiality obligations regarding business information
10. Dispute Resolution: Details the process for resolving any disputes between parties
11. Governing Law: Confirms Pakistani law as governing law and relevant jurisdiction
12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Non-Compete: Restricts parties from engaging in competing activities - include when protecting business interests is crucial
2. Intellectual Property: Addresses ownership and usage of IP - include when intellectual property is involved in the service delivery
3. Insurance: Specifies required insurance coverage - include when services involve significant risks
4. Force Majeure: Addresses unforeseeable circumstances - include when long-term or high-value arrangements are involved
5. Assignment: Controls ability to transfer rights - include when stability of parties is important
6. Audit Rights: Provides for financial audit provisions - include when complex fee calculations are involved
1. Schedule 1 - Fee Calculation Method: Detailed breakdown of how fees are calculated and split
2. Schedule 2 - Service Specifications: Detailed description of services covered by the agreement
3. Schedule 3 - Payment Procedures: Detailed payment processes and requirements
4. Appendix A - Required Documentation: List of documents required for fee claims and payments
5. Appendix B - Reporting Templates: Standard templates for financial reporting and fee calculations
Authors
Professional Services
Real Estate
Financial Services
Recruitment
Business Consulting
Legal Services
Insurance
Investment Banking
Property Management
Sales and Distribution
Business Brokerage
Legal
Finance
Business Development
Sales
Operations
Commercial
Compliance
Accounts
Partner Relations
Contract Administration
Business Development Manager
Partner
Managing Director
Commercial Director
Legal Counsel
Chief Financial Officer
Sales Director
Business Agent
Broker
Consultant
Operations Manager
Contract Manager
Commission Agent
Regional Manager
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