Master Fee Agreement Template for Canada

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Key Requirements PROMPT example:

Master Fee Agreement

"I need a Master Fee Agreement for a technology consulting firm based in Ontario, providing cloud services to financial institutions, with monthly billing cycles and success fees based on client cost savings."

Document background
The Master Fee Agreement serves as the primary contractual framework for establishing and managing fee arrangements between service providers and their clients in Canada. This document is essential when parties require a structured approach to recurring fees, charges, and payment processes in their business relationship. The agreement typically includes comprehensive fee calculation methodologies, payment terms, invoicing requirements, and related operational procedures. It's designed to comply with Canadian federal and provincial legislation, including the Interest Act, Goods and Services Tax Act, and relevant provincial commercial laws. The Master Fee Agreement is particularly valuable for long-term business relationships where service fees may vary over time or where multiple services are provided under a single framework.
Suggested Sections

1. Parties: Identification of the contracting parties including full legal names and addresses

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

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Scope of Services: Overview of services covered by the fee arrangement

5. Fee Structure: Core principles and methodologies for fee calculation

6. Payment Terms: Payment timing, methods, and currencies

7. Invoicing Requirements: Invoice format, content, and submission procedures

8. Term and Termination: Duration of agreement and termination provisions

9. Confidentiality: Protection of confidential information and trade secrets

10. Representations and Warranties: Standard commercial warranties and representations

11. Limitation of Liability: Limitations on liability and indemnification provisions

12. Dispute Resolution: Procedures for resolving disputes

13. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law

Optional Sections

1. Service Level Requirements: Include when specific performance metrics need to be maintained

2. Currency Exchange: Include for cross-border transactions with multiple currencies

3. Audit Rights: Include when one party requires rights to audit fee calculations or service delivery

4. Force Majeure: Include when services may be impacted by events beyond parties' control

5. Insurance Requirements: Include when specific insurance coverage is required

6. Data Protection: Include when personal or sensitive data is processed

7. Intellectual Property: Include when IP rights need to be addressed in service delivery

8. Change Control: Include when fee structures or services may need formal change processes

Suggested Schedules

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

2. Schedule B - Service Specifications: Detailed description of services covered by the agreement

3. Schedule C - Service Levels: Performance metrics and service level requirements

4. Schedule D - Authorized Representatives: List of key contacts and authorized signatories

5. Schedule E - Invoice Format: Template and requirements for invoice submission

6. Schedule F - Reporting Requirements: Templates and timing for required reports

7. Appendix 1 - Calculation Methodologies: Detailed explanation of fee calculation methods

8. Appendix 2 - Escalation Procedures: Process for dispute escalation and resolution

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Professional Services

Technology

Consulting

Banking

Insurance

Healthcare

Telecommunications

Business Process Outsourcing

Legal Services

Real Estate

Asset Management

Investment Banking

Cloud Services

Software Development

Relevant Teams

Legal

Finance

Commercial Operations

Procurement

Business Development

Account Management

Treasury

Risk Management

Compliance

Operations

Relevant Roles

Chief Financial Officer

Finance Director

Commercial Director

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Account Executive

Financial Controller

Treasury Manager

Operations Director

Relationship Manager

Pricing Analyst

Commercial Operations Manager

Risk Manager

Compliance Officer

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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