Split Commission Agreement Template for Australia

1. Non-Compete Provisions: Restrictions on competitive activities, used when parties operate in the same industry

2. Client Ownership: Clarification of client relationship ownership, important when multiple parties have client contact

3. Intellectual Property Rights: Protection of IP when the arrangement involves branded products or services

4. Professional Indemnity Insurance: Insurance requirements when dealing with regulated financial services

5. Performance Standards: Specific performance criteria when commission splits are tied to quality metrics

6. Territory Restrictions: Geographical limitations on the commission splitting arrangement

7. Assignment and Succession: Terms for transferring rights under the agreement, important for larger organizations

8. Force Majeure: Provisions for unforeseen circumstances affecting the arrangement

1. Commission Split Calculations: Detailed formulas and examples of how different types of commissions are split

2. Eligible Products/Services: List of products or services that qualify for commission splitting

3. Payment Processing Procedures: Step-by-step procedures for processing and reconciling commission payments

4. Reporting Templates: Standard formats for commission reports and reconciliation statements

5. Key Performance Indicators: Metrics used to measure performance if relevant to the commission structure

6. Compliance Requirements: Specific regulatory or compliance requirements affecting the arrangement