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Fee Share Agreement Template for Australia

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Key Requirements PROMPT example:

Fee Share Agreement

"I need a Fee Share Agreement for my medical practice in Sydney, where three specialist doctors will share revenue on a 40-30-30 basis, with quarterly distributions starting from March 2025."

Document background
Fee Share Agreements are essential documents in Australian business operations where multiple parties collaborate and share revenue streams. This type of agreement is commonly used when professionals, businesses, or organizations need to formalize arrangements for splitting fees, commissions, or other forms of revenue. The Fee Share Agreement establishes clear terms for revenue distribution, ensuring compliance with Australian taxation laws, GST requirements, and relevant industry regulations. It's particularly valuable in professional services, partnership arrangements, and referral relationships where transparency and legal compliance are crucial. The document typically includes detailed calculation methodologies, payment schedules, reporting requirements, and audit rights, while addressing specific Australian legal requirements and business practices.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement

2. Background: Explains the context and purpose of the fee sharing arrangement

3. Definitions and Interpretation: Defines key terms and establishes rules for interpreting the agreement

4. Fee Sharing Structure: Details the core financial arrangement including percentages, calculation methods, and payment terms

5. Payment Terms: Specifies timing, method, and currency of payments

6. Record Keeping and Audit Rights: Establishes requirements for maintaining financial records and rights to audit

7. GST and Taxation: Addresses tax implications and GST treatment of fee sharing payments

8. Confidentiality: Protects sensitive business information shared between parties

9. Term and Termination: Specifies duration of agreement and circumstances for termination

10. Dispute Resolution: Establishes process for resolving disagreements

11. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment

Optional Sections

1. Non-Competition: Restricts parties from competing activities, used when sharing fees in competitive markets

2. Intellectual Property: Addresses IP rights when fee sharing involves licensed technology or content

3. Marketing and Promotion: Establishes guidelines for joint marketing activities, if applicable

4. Insurance: Specifies insurance requirements when shared activities involve significant risks

5. Data Protection: Includes data handling requirements when personal information is shared

6. Force Majeure: Addresses unforeseen circumstances affecting fee sharing arrangements

7. Change of Control: Manages implications of ownership changes in participating entities

8. Territory Restrictions: Defines geographical limitations on fee sharing arrangement when applicable

Suggested Schedules

1. Schedule 1 - Fee Calculation Methodology: Detailed explanation of how fees are calculated, including formulas and examples

2. Schedule 2 - Revenue Categories: List and description of revenue types included in fee sharing arrangement

3. Schedule 3 - Payment Procedures: Step-by-step process for calculating, reporting, and distributing shared fees

4. Schedule 4 - Excluded Revenue: Specific revenue streams excluded from the fee sharing arrangement

5. Schedule 5 - Reporting Template: Standard format for periodic revenue and payment reports

6. Appendix A - Key Performance Indicators: Metrics used to measure performance and adjust fee shares if applicable

7. Appendix B - Authorized Representatives: List of personnel authorized to handle fee sharing matters

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

Legal Services

Medical Services

Financial Services

Real Estate

Consulting

Technology

Education and Training

Healthcare

Business Services

Insurance

Marketing and Advertising

Relevant Teams

Finance

Legal

Commercial

Business Development

Operations

Compliance

Revenue Management

Partnerships

Accounting

Business Operations

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Business Development Manager

Partnership Manager

Commercial Director

Operations Manager

Compliance Officer

Managing Partner

Financial Controller

Contract Manager

Revenue Manager

Business Manager

Practice Manager

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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