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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."
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
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
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
Professional Services
Legal Services
Medical Services
Financial Services
Real Estate
Consulting
Technology
Education and Training
Healthcare
Business Services
Insurance
Marketing and Advertising
Finance
Legal
Commercial
Business Development
Operations
Compliance
Revenue Management
Partnerships
Accounting
Business Operations
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
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