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Split Sales Commission Agreement
"I need a Split Sales Commission Agreement for a real estate agency in Manila, establishing a 60-40 commission split between primary agents and referral partners, with monthly payments and a minimum performance requirement of 5 successful property sales per quarter starting January 2025."
1. Parties: Identification of all parties involved in the commission-sharing arrangement, including their legal names, addresses, and business registration details
2. Background: Context of the agreement, including the business relationship between parties and the purpose of the commission-sharing arrangement
3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Commission', 'Sales', 'Territory', 'Products/Services', etc.
4. Commission Structure: Detailed explanation of how the commission will be split between parties, including percentages and calculation methods
5. Payment Terms: Terms and conditions for commission payments, including timing, method of payment, and currency
6. Sales Reporting: Requirements for reporting sales activities, documentation needed, and verification processes
7. Obligations of Parties: Specific responsibilities and duties of each party in relation to sales activities and commission sharing
8. Term and Termination: Duration of the agreement and conditions for termination or renewal
9. Confidentiality: Provisions protecting confidential information shared between parties
10. Governing Law: Specification of Philippine law as governing law and jurisdiction for dispute resolution
11. General Provisions: Standard clauses including amendments, notices, assignment, and entire agreement provisions
1. Non-Compete: Restrictions on competing activities, used when parties want to protect their business interests
2. Territory Restrictions: Geographical limitations on sales activities, included when specific territories are assigned
3. Performance Targets: Minimum performance requirements and consequences for not meeting them, used in performance-based arrangements
4. Dispute Resolution: Detailed procedures for resolving disputes, including mediation or arbitration, used in high-value agreements
5. Insurance Requirements: Specific insurance coverage requirements, included when risk management is a concern
6. Intellectual Property: Protection of IP rights, included when sales involve branded products or proprietary information
7. Training and Support: Details of any training or support provided, included when one party needs to support the other's sales efforts
1. Schedule A - Commission Calculation Method: Detailed formula and examples of how commissions are calculated
2. Schedule B - Product/Service List: Complete list of products or services covered by the agreement with respective commission rates
3. Schedule C - Sales Territory Map: Geographical definition of sales territories if applicable
4. Schedule D - Reporting Templates: Standard forms and templates for sales and commission reporting
5. Schedule E - Performance Metrics: Detailed performance standards and evaluation criteria
6. Appendix 1 - Required Documentation: List of documents required for commission claims and verification
7. Appendix 2 - Payment Procedures: Step-by-step procedures for commission payment processing and verification
Authors
Real Estate
Insurance
Financial Services
Retail
Technology
Telecommunications
Pharmaceutical
Manufacturing
Automotive
Professional Services
Consumer Goods
Travel and Tourism
Sales
Business Development
Finance
Legal
Compliance
Human Resources
Operations
Partner Relations
Sales Operations
Commission Administration
Sales Director
Sales Manager
Business Development Manager
Sales Representative
Account Executive
Channel Partner Manager
Commission Administrator
Sales Operations Manager
Finance Manager
Legal Counsel
Compliance Officer
Human Resources Manager
Sales Agent
Marketing Manager
Partner Relations Manager
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