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Split Fee Agreement
"I need a Split Fee Agreement for my real estate agency to share 30% of commission fees with independent property consultants who refer clients to us, starting from March 2025, with quarterly payments and standard Dutch law compliance requirements."
1. Parties: Identification and details of all parties involved in the fee-splitting arrangement
2. Background: Context of the agreement and the business relationship between the parties
3. Definitions: Key terms used throughout the agreement including 'Fees', 'Services', 'Payment Period', etc.
4. Fee Split Structure: Detailed explanation of how fees will be split between parties, including percentages or fixed amounts
5. Payment Terms: Timing and method of fee calculations and payments, including payment schedules and currencies
6. Services Description: Overview of services provided by each party that generate the fees to be split
7. Obligations of the Parties: Specific duties and responsibilities of each party in relation to the fee-splitting arrangement
8. Record Keeping and Audit Rights: Requirements for maintaining financial records and rights to audit fee calculations
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Confidentiality: Provisions regarding the confidential treatment of business information
11. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for disputes
1. Regulatory Compliance: Additional provisions for regulated industries or activities requiring specific compliance measures
2. International Payments: Special provisions for cross-border payments and currency conversion if parties are in different countries
3. Non-Competition: Restrictions on competitive activities, if relevant to the fee-splitting arrangement
4. Force Majeure: Provisions for circumstances beyond parties' control affecting fee generation or payment
5. Tax Provisions: Specific arrangements regarding tax responsibilities and VAT handling
6. Dispute Resolution: Alternative dispute resolution mechanisms before resorting to court proceedings
7. Insurance Requirements: Specific insurance obligations for parties if relevant to the services provided
1. Schedule 1 - Fee Calculation Methodology: Detailed formula and examples of how fees will be calculated and split
2. Schedule 2 - Services Specification: Detailed description of services provided by each party
3. Schedule 3 - Payment Procedures: Step-by-step process for fee calculations, invoicing, and payment
4. Schedule 4 - Reporting Template: Standard format for regular fee reporting and reconciliation
5. Schedule 5 - Authorized Representatives: List of persons authorized to handle fee-related communications and approvals
6. Appendix A - Bank Account Details: Banking information for all parties for fee transfers
7. Appendix B - Compliance Requirements: Specific regulatory or professional requirements affecting the fee-splitting arrangement
Authors
Professional Services
Recruitment and Staffing
Real Estate
Financial Services
Business Consulting
Legal Services
Insurance
Investment Banking
Property Management
Executive Search
Legal
Finance
Business Development
Operations
Compliance
Sales
Partner Relations
Account Management
Administration
Risk Management
Business Development Manager
Managing Partner
Chief Financial Officer
Legal Counsel
Compliance Officer
Operations Director
Sales Director
Recruitment Manager
Real Estate Broker
Financial Controller
Partner Relations Manager
Account Executive
Business Manager
Contract Administrator
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