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Master Fee Agreement Template for New Zealand

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Key Requirements PROMPT example:

Master Fee Agreement

"I need a Master Fee Agreement for a technology consulting firm providing services to multiple enterprise clients in New Zealand, with quarterly fee reviews and a complex fee structure including both fixed and variable components."

Document background
The Master Fee Agreement is designed for use in commercial relationships where one party provides ongoing services to another for fees. This agreement, governed by New Zealand law, establishes the overarching framework for fee arrangements, including calculation methodologies, payment terms, and administrative procedures. It is particularly useful for professional services firms, financial institutions, and other service providers who need a structured approach to fee management. The document complies with New Zealand's Contract and Commercial Law Act 2017 and related legislation, incorporating necessary provisions for GST, fair trading practices, and consumer protection where applicable. The Master Fee Agreement typically includes detailed schedules that can be updated without amending the main agreement, providing flexibility while maintaining legal certainty.
Suggested Sections

1. Parties: Identification of the contracting parties, including registered addresses and company details

2. Background: Context of the agreement and the business relationship between the parties

3. Definitions: Defined terms used throughout the agreement

4. Term and Termination: Duration of the agreement and circumstances for termination

5. Fee Structure: Framework for how fees are calculated and structured

6. Payment Terms: Terms for payment, including timing, method, and currency

7. Invoicing: Requirements for invoice format, content, and submission process

8. GST and Taxes: Treatment of GST and other applicable taxes

9. Confidentiality: Protection of confidential information exchanged under the agreement

10. Dispute Resolution: Process for resolving disputes between parties

11. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment

Optional Sections

1. Service Levels: Include when specific performance standards need to be maintained

2. Interest on Late Payments: Include when charging interest on overdue amounts

3. Currency Exchange: Include for international agreements with multiple currencies

4. Force Majeure: Include when needed to address unforeseen circumstances affecting fee arrangements

5. Audit Rights: Include when one party needs rights to audit fee calculations or relevant records

6. Insurance: Include when specific insurance requirements are necessary

7. Data Protection: Include when personal data processing is involved

8. Intellectual Property: Include when IP rights need to be addressed in relation to fee-generating activities

Suggested Schedules

1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, rates, and charges

2. Schedule 2 - Services Description: Detailed description of services to which fees apply

3. Schedule 3 - Payment Procedures: Specific procedures for invoicing and payment

4. Schedule 4 - Key Personnel: List of key contacts responsible for fee administration

5. Schedule 5 - Service Levels: Detailed service level requirements and measurements

6. Appendix A - Invoice Template: Standard format for invoices

7. Appendix B - Rate Card: Standard rates for additional services or variations

8. Appendix C - Escalation Process: Detailed process for dispute resolution and escalation procedures

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

Financial Services

Professional Services

Technology

Consulting

Legal Services

Asset Management

Real Estate

Healthcare

Engineering

Construction

Education

Telecommunications

Relevant Teams

Legal

Finance

Commercial

Operations

Procurement

Risk and Compliance

Business Development

Account Management

Service Delivery

Project Management

Relevant Roles

Chief Financial Officer

Finance Director

Commercial Manager

Contract Manager

Legal Counsel

Business Development Manager

Account Manager

Financial Controller

Operations Manager

Procurement Manager

Risk Manager

Compliance Officer

Service Delivery Manager

Project Manager

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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