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Commission Share Agreement
"I need a Commission Share Agreement between our software company and our new sales partner in Singapore, with a 60-40 split on all enterprise software sales, including quarterly performance targets and a non-compete clause, starting from January 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the commission sharing arrangement
3. Definitions: Key terms used throughout the agreement
4. Commission Structure: Detailed breakdown of commission calculations and sharing ratios
5. Payment Terms: Timing, method, and conditions for commission payments
6. Obligations of Parties: Rights and responsibilities of each party
7. Term and Termination: Duration of agreement and termination provisions
8. Governing Law: Specification of Singapore law as governing law
1. Non-Compete: Restrictions on competitive activities during and after the agreement term
2. Intellectual Property: Rights and usage of intellectual property in relation to the commission-generating activities
3. Force Majeure: Provisions for handling unforeseeable circumstances that prevent performance
4. Data Protection: Compliance provisions with Singapore Personal Data Protection Act (PDPA)
1. Commission Calculation Schedule: Detailed formulas and examples of commission calculations
2. Performance Metrics Schedule: Specific KPIs and targets for commission eligibility
3. Territory Schedule: Geographic areas covered by the commission sharing arrangement
4. Product Schedule: List of products or services covered by the commission arrangement
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