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Agent To Agent Commission Agreement
"I need an Agent to Agent Commission Agreement for my Dubai-based real estate agency to collaborate with another local agent, with exclusive territory rights in Abu Dhabi and a 60-40 commission split for all property transactions, starting January 2025."
1. Parties: Identification of both agents, including their full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including the nature of each agent's business and their intention to collaborate
3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Territory', 'Clients', 'Services'
4. Appointment and Scope: Terms of appointment, exclusivity/non-exclusivity, and geographical scope of the arrangement
5. Commission Structure: Detailed breakdown of commission rates, calculation methods, and applicable scenarios
6. Payment Terms: Timeline for commission payments, payment methods, currency, and handling of taxes
7. Obligations of First Agent: Responsibilities and commitments of the first agent including service delivery and reporting
8. Obligations of Second Agent: Responsibilities and commitments of the second agent including service delivery and reporting
9. Term and Termination: Duration of agreement, renewal terms, and conditions for termination
10. Confidentiality: Protection of confidential information and trade secrets
11. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
12. General Provisions: Standard legal clauses including notices, amendments, and severability
1. Non-Compete: Restrictions on competitive activities, used when agents operate in overlapping markets
2. Insurance: Insurance requirements for each party, included when dealing with high-value transactions or specific risks
3. Intellectual Property: IP rights and usage terms, needed when branded materials or proprietary systems are involved
4. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in international arrangements
5. Data Protection: Compliance with data protection laws, required when handling personal or sensitive data
6. Training and Support: Details of any training or support services, included when one agent provides operational support to the other
1. Commission Rate Schedule: Detailed breakdown of commission rates for different products/services
2. Territory Definition: Specific geographical areas or market segments covered by the agreement
3. Service Level Agreement: Performance metrics and service standards for both agents
4. Reporting Templates: Standard formats for regular reporting and commission calculations
5. Approved Marketing Materials: List of approved marketing materials and usage guidelines
6. Contact Details: Key contact persons and escalation matrix for both parties
Authors
Real Estate
Insurance
Financial Services
Import/Export
Retail and Distribution
Tourism and Travel
Automotive
Construction
Technology and Software
Manufacturing
Professional Services
Logistics and Transportation
Legal
Compliance
Finance
Sales
Business Development
Operations
Commercial
Risk Management
Partner Relations
Contract Administration
Business Development Manager
Commercial Director
Sales Manager
Chief Executive Officer
Managing Director
Legal Counsel
Compliance Officer
Operations Manager
Regional Manager
Agency Relations Manager
Contract Administrator
Finance Manager
Business Unit Head
Partnership Manager
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