Document background
The Split Commission Agreement is essential for businesses operating in Ireland where multiple parties collaborate in generating sales or revenue and need to share the resulting commissions. This document is commonly used in sectors such as financial services, real estate, and insurance, where commission-based compensation is standard practice. The agreement complies with Irish regulatory requirements, including the Central Bank (Supervision and Enforcement) Act 2013 where applicable, and addresses tax implications under the Taxes Consolidation Act 1997. It provides detailed mechanisms for calculating and distributing commissions, maintaining transparency, and ensuring fair treatment of all parties involved. The document is particularly relevant when establishing new business partnerships, referral arrangements, or restructuring existing commission-sharing relationships.
