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Split Fee Agreement Template for Pakistan

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Key Requirements PROMPT example:

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."

Document background
The Split Fee Agreement serves as a crucial legal instrument in Pakistani business transactions where multiple parties collaborate and share revenues or commissions. This document is essential when businesses, agents, or professionals agree to split fees earned from joint ventures, referrals, or collaborative services. It establishes clear parameters for fee division, ensuring compliance with Pakistani contract law while minimizing potential disputes. The agreement is particularly valuable in situations involving recurring transactions, professional referrals, or ongoing business relationships where regular fee-sharing occurs. Key considerations include payment mechanisms, calculation methods, timing of payments, and dispute resolution procedures, all structured within the framework of Pakistani legal requirements.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

























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Relevant Industries

Professional Services

Real Estate

Financial Services

Recruitment

Business Consulting

Legal Services

Insurance

Investment Banking

Property Management

Sales and Distribution

Business Brokerage

Relevant Teams

Legal

Finance

Business Development

Sales

Operations

Commercial

Compliance

Accounts

Partner Relations

Contract Administration

Relevant Roles

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

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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