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Intermediary Commission Agreement
"Need an Intermediary Commission Agreement for our Singapore-based fintech company to engage sales agents in Malaysia and Indonesia, with a tiered commission structure based on transaction value and a minimum performance threshold of 100 deals per quarter."
1. Parties: Identification and details of the principal and intermediary
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of intermediary services
5. Commission Structure: Detailed breakdown of commission rates and calculation methods
6. Payment Terms: Terms and conditions for commission payments
7. Obligations of Parties: Responsibilities of both principal and intermediary
8. Term and Termination: Duration of agreement and termination provisions
9. Governing Law: Specification of Singapore law as governing law
1. Non-Competition: Restrictions on competitive activities - include when protecting market position is crucial
2. Intellectual Property: Protection of IP rights - include when IP assets are involved in the intermediary relationship
3. Force Majeure: Provisions for unforeseen circumstances - include for long-term or high-value relationships
4. Insurance: Insurance requirements - include when significant risks are involved in the intermediary services
1. Commission Rate Schedule: Detailed breakdown of commission rates for different services or products
2. Territory Schedule: Definition of geographical areas covered by the agreement
3. Service Level Agreement: Specific performance metrics and standards
4. Reporting Templates: Standard forms for activity and commission reporting
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