Agent Commission Sharing Agreement Template for Australia

1. Territory Restrictions: Defines geographical limitations on the commission sharing arrangement, used when specific territories are allocated

2. Product-Specific Terms: Special terms for specific products or services, used when different commission rates apply to different products

3. Performance Targets: Establishes performance criteria and related commission adjustments, used when commission rates are performance-based

4. Sub-Agents: Rules regarding the appointment and management of sub-agents, used when sub-agents are permitted

5. Intellectual Property: Provisions regarding the use of trademarks and other IP, used when branded products or services are involved

6. Marketing and Promotion: Terms regarding joint marketing efforts and cost sharing, used when parties collaborate on marketing

7. Insurance Requirements: Specific insurance obligations, used when particular coverage is required for the agency activities

8. Compliance Requirements: Industry-specific compliance obligations, used when operating in regulated industries

1. Commission Calculation Schedule: Detailed formulas and examples of commission calculations

2. Product/Service Schedule: List of products or services covered by the agreement with specific commission rates

3. Territory Schedule: Detailed description of geographical territories if applicable

4. Performance Metrics Schedule: Detailed performance criteria and corresponding commission adjustments

5. Reporting Template: Standard format for commission reporting and reconciliation

6. Contact Details: Key contacts and notification details for all parties

7. Service Level Requirements: Specific service standards and response times if applicable