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Fee Share Agreement Template for Ireland

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Key Requirements PROMPT example:

Fee Share Agreement

"I need a Fee Share Agreement between my consulting firm and three independent contractors in Dublin, with a 70-30 revenue split for client projects and quarterly payment terms, to be effective from March 1, 2025."

Document background
The Fee Share Agreement serves as a crucial document for professionals and businesses in Ireland who wish to establish a formal arrangement for sharing fees or revenue from joint activities. This agreement is commonly used when independent professionals collaborate on projects, when firms share referral fees, or in professional practice arrangements where revenue sharing is necessary. The document addresses key aspects required under Irish law, including detailed fee calculation methods, payment procedures, tax considerations, and regulatory compliance requirements. A Fee Share Agreement is particularly important in regulated professions where clear documentation of financial arrangements is mandatory, and it helps prevent disputes by clearly defining each party's rights, obligations, and financial entitlements.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including their legal status and addresses

2. Background: Context of the agreement, business relationship, and purpose of the fee sharing arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Fee Sharing Structure: Detailed explanation of how fees will be calculated, shared, and distributed between parties

5. Payment Terms: Timeline and method for fee calculations, invoicing, and payments

6. Obligations and Responsibilities: Key duties and responsibilities of each party in relation to the fee sharing arrangement

7. Record Keeping and Audit Rights: Requirements for maintaining financial records and rights to audit

8. Confidentiality: Provisions protecting confidential information shared between parties

9. Intellectual Property: Treatment of any intellectual property rights relevant to the arrangement

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

11. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction for disputes

Optional Sections

1. Non-Compete Provisions: Restrictions on competitive activities, used when parties operate in the same industry

2. Professional Indemnity Insurance: Requirements for insurance coverage, particularly relevant for professional services

3. Data Protection: GDPR compliance provisions, required when personal data is processed

4. Marketing and Branding: Rules about how parties can reference each other in marketing, if applicable

5. Dispute Resolution: Alternative dispute resolution procedures, optional if parties prefer specific resolution methods

6. Force Majeure: Provisions for unforeseen circumstances, optional but recommended

7. Assignment and Succession: Rules about transferring rights under the agreement, needed for larger organizations

Suggested Schedules

1. Schedule 1 - Fee Calculation Method: Detailed methodology for calculating fees and shares

2. Schedule 2 - Payment Procedures: Specific procedures for invoicing, payment timing, and banking details

3. Schedule 3 - Service Areas: Description of services or business areas covered by the fee sharing arrangement

4. Schedule 4 - Reporting Template: Standard format for periodic financial reporting between parties

5. Appendix A - Key Personnel: List of key contacts and responsible individuals from each party

6. Appendix B - Compliance Requirements: Specific regulatory or professional requirements applicable to the arrangement

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



































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Relevant Industries

Professional Services

Legal Services

Healthcare

Financial Services

Consulting

Real Estate

Marketing and Advertising

Information Technology

Education and Training

Business Services

Relevant Teams

Legal

Finance

Compliance

Operations

Business Development

Commercial

Tax

Risk Management

Professional Services

Partnership Management

Relevant Roles

Managing Partner

Chief Financial Officer

Finance Director

Legal Counsel

Business Development Manager

Professional Services Director

Operations Manager

Compliance Officer

Practice Manager

Senior Partner

Managing Director

Commercial Director

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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