Commission Draw Agreements are essential documents in Singapore's employment landscape, particularly in sales-driven industries. This document type is used when employers wish to provide sales representatives with steady income through draws while maintaining a commission-based compensation structure. The Commission Draw Agreement must comply with Singapore's Employment Act and CPF requirements, clearly outlining the draw amount, commission calculations, reconciliation periods, and recovery terms. It serves to protect both employer and employee interests by establishing clear parameters for earnings, payments, and obligations.
Commission Draw Agreement for Singapore
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Commission Draw Agreement
"I need a Commission Draw Agreement for a Singapore-based real estate agency hiring new sales agents, with a monthly draw of $3,000 and tiered commission rates starting at 2% for residential properties, effective March 1, 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and defines the contracting parties
2. Background: Provides context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Commission Structure: Details the commission rates, calculation methods, and earning criteria
5. Draw Terms: Specifies the draw amount, payment frequency, and recovery mechanisms
6. Reconciliation Process: Outlines how and when commission earnings are reconciled against draws
7. Payment Terms: Details payment timing, methods, and deductions
8. Term and Termination: Specifies duration and termination conditions
1. Non-Competition: Restricts competitive activities when protecting business interests is crucial
2. Bonus Structure: Additional incentive arrangements for performance-based bonuses beyond commission
3. International Sales: Special provisions for international transactions when sales territory includes multiple countries
1. Commission Rate Card: Detailed breakdown of commission rates by product/service
2. Sales Territory Map: Definition of geographical sales boundaries
3. Performance Targets: Specific sales targets and corresponding commission tiers
4. Draw Calculation Examples: Illustrative examples of draw and commission calculations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Salesperson Employment Contract
A Singapore-compliant employment agreement for sales professionals, covering compensation, targets, and employment terms under Singapore law.
find out more
Employee Commission Agreement
A Singapore-law governed agreement establishing commission-based compensation terms between employer and employee, compliant with local employment regulations.
find out more
Commercial Commission Contract
A Singapore-law governed agreement establishing terms for commission-based business relationships between principals and agents.
find out more
Commission Agreement For Sale Of Goods
A Singapore-law governed agreement establishing commission-based terms between a principal and agent for the sale of goods.
find out more
Artwork Commission Agreement
A Singapore-law governed agreement establishing terms and conditions for commissioned artwork creation, including specifications, payment, and rights transfer.
find out more
Broker Contract Commission
A Singapore-governed agreement establishing broker commission terms and payment structures in compliance with local financial regulations.
find out more
Property Commission Agreement
A Singapore-governed agreement establishing commission terms and conditions between property owners and real estate agents, regulated by the Estate Agents Act.
find out more
Project Commission Agreement
A Singapore-law governed agreement establishing terms and conditions for commissioned project work between parties.
find out more
Business Development Commission Agreement
A Singapore-law agreement establishing terms for commission-based business development services.
find out more
Commission Trust Agreement
A Singapore-governed agreement establishing a trust arrangement with commission-based compensation structures, combining trust administration with specific commission payment provisions.
find out more
Sponsorship Commission Agreement
A Singapore-law governed agreement defining commission terms and conditions for securing sponsorship arrangements.
find out more
Intermediary Commission Agreement
A Singapore law-governed agreement establishing commission terms between a principal and intermediary for specified business services.
find out more
Commission Draw Agreement
A Singapore-compliant agreement establishing terms for commission-based employment with regular draw payments against future earnings.
find out more
Joint Venture Commission Agreement
A Singapore-governed agreement establishing terms for a joint venture with commission-based profit sharing arrangements.
find out more
Broker Fee Contract
A Singapore-law governed agreement establishing broker compensation terms and service obligations.
find out more
Commission Guarantee Agreement
A Singapore law-governed agreement where a guarantor ensures commission payments will be made to a beneficiary if the principal defaults.
find out more
Fundraising Commission Agreement
A Singapore-law governed agreement establishing commission-based terms for fundraising services, including payment structure and compliance requirements.
find out more
Consulting Commission Agreement
A Singapore-law governed agreement establishing terms for consulting services, including scope, payment, and professional relationship parameters.
find out more
Referral Commission Agreement
A Singapore-law governed agreement establishing terms for referral services and commission payments between parties.
find out more
Commission Contract Agreement
A legally binding agreement under Singapore law that establishes terms for commission-based work arrangements between principals and agents.
find out more
Commission Share Agreement
A Singapore-law governed agreement establishing terms for sharing commission earnings between parties, including calculation methods and payment terms.
find out more
Sales Representative Contract
A Singapore-law governed agreement establishing the relationship between a company and its sales representative, including commission terms and mutual obligations.
find out more
Commercial Lease Commission Agreement
A Singapore-governed agreement establishing commission terms for commercial property leasing services between property owners and real estate agents.
find out more
Exclusive Agency Agreement Commission
A Singapore law-governed agreement establishing exclusive agency rights and commission structures between Principal and Agent.
find out more
Middleman Commission Agreement
A Singapore-law governed agreement establishing terms for intermediary services and commission arrangements between a principal and middleman.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)