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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."
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
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
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
Professional Services
Legal Services
Healthcare
Financial Services
Consulting
Real Estate
Marketing and Advertising
Information Technology
Education and Training
Business Services
Legal
Finance
Compliance
Operations
Business Development
Commercial
Tax
Risk Management
Professional Services
Partnership Management
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
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