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Split Fee Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Split Fee Agreement

"I need a Split Fee Agreement for my UAE-based recruitment agency to share placement fees with an international executive search firm, with a 60-40 split arrangement and specific provisions for cross-border payments."

Document background
The Split Fee Agreement is a crucial document used in the United Arab Emirates business environment where two or more parties agree to share fees generated from joint business activities or referral arrangements. This agreement type is commonly utilized in professional services, recruitment, real estate, and financial advisory sectors where collaboration between parties leads to shared revenue opportunities. The document ensures compliance with UAE federal laws, particularly Federal Law No. 18 of 1993 (Commercial Transactions Law) and relevant anti-money laundering regulations. It includes essential provisions for fee calculation, payment terms, service obligations, and dispute resolution mechanisms, providing a clear framework for fee-sharing arrangements while protecting all parties' interests under UAE jurisdiction.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details

2. Background: Context of the agreement, relationship between parties, and purpose of the fee-sharing arrangement

3. Definitions: Key terms used throughout the agreement, including specific service definitions, fee types, and payment-related terminology

4. Scope of Services: Detailed description of services provided by each party that give rise to the fee-sharing arrangement

5. Fee Structure: Clear explanation of how fees are calculated, split percentages, and basis for fee sharing

6. Payment Terms: Timing of payments, payment methods, currency, and handling of tax obligations

7. Obligations of the Parties: Specific responsibilities of each party in relation to service delivery and fee collection

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Protection of confidential information shared between parties

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution

Optional Sections

1. Non-Compete: Restrictions on parties engaging in competing arrangements, used when protecting business relationships is crucial

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term arrangements

3. Anti-Money Laundering Compliance: Specific provisions for AML compliance, necessary when dealing with significant financial transactions

4. Intellectual Property: Protection of IP rights, relevant when services involve creation or use of intellectual property

5. Data Protection: Provisions for handling personal or sensitive data, necessary when arrangement involves data sharing

6. Insurance Requirements: Specific insurance obligations, important for high-value or high-risk services

7. Assignment and Subcontracting: Rules for transferring rights or obligations, useful in complex business relationships

Suggested Schedules

1. Fee Calculation Schedule: Detailed methodology for calculating fees and splits, including examples and formulas

2. Service Level Agreement: Specific performance metrics and service standards expected from each party

3. Approved Client List: List of clients or transactions covered by the fee-sharing arrangement, if applicable

4. Payment Procedures: Detailed procedures for invoicing, payment processing, and reconciliation

5. Compliance Requirements: Specific regulatory or compliance requirements applicable to the arrangement

6. Contact Details: Key contact persons and escalation matrix for each party

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Relevant Industries

Professional Services

Recruitment

Real Estate

Financial Services

Management Consulting

Business Advisory

Investment Banking

Commercial Brokerage

Legal Services

Property Development

Relevant Teams

Legal

Finance

Business Development

Compliance

Operations

Commercial

Partnerships

Risk Management

Account Management

Business Advisory

Relevant Roles

Managing Director

Business Development Manager

Recruitment Consultant

Legal Counsel

Finance Director

Commercial Director

Compliance Officer

Operations Manager

Partnership Manager

Account Director

Business Consultant

Real Estate Agent

Financial Advisor

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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