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Business Development Commission Agreement
"I need a Business Development Commission Agreement for my Singapore-based tech company, with a 5% commission structure for the first $1M in sales and 7% thereafter, including strict non-compete provisions for the APAC region starting from March 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of services
5. Commission Structure: Calculation and payment terms of commission
6. Obligations of Parties: Rights and responsibilities of each party
7. Term and Termination: Duration and termination provisions
8. Confidentiality: Protection of confidential information
9. Governing Law: Applicable law and jurisdiction
1. Non-Compete: Restrictions on competitive activities - used when protecting business interests from competition
2. Intellectual Property: IP rights and ownership - used when IP is created or shared during business development
3. Force Majeure: Provisions for unforeseeable circumstances - used when long-term commitments are involved
4. Insurance: Insurance requirements - used when high-value transactions are involved
1. Commission Rate Schedule: Detailed breakdown of commission rates and calculations
2. Territory Schedule: Definition of geographical areas covered
3. Performance Metrics: Specific targets and KPIs
4. Product/Service Schedule: List of products/services covered by the agreement
5. Payment Terms Schedule: Detailed payment procedures and timelines
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