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Fee Share Agreement
"I need a Fee Share Agreement under German law for a management consultancy partnership where three senior consultants will share project fees on a 40-30-30 basis, with quarterly distributions starting from March 2025."
1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and registration details
2. Background: Context of the agreement, business relationship between the parties, and purpose of the fee sharing arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Fees', 'Services', 'Fee Share Period', and other relevant terms
4. Fee Structure: Detailed explanation of how fees will be calculated, including the basis for fee sharing and percentages allocated to each party
5. Payment Terms: Timing and method of fee calculations, payments, and distributions, including currency and payment mechanisms
6. Obligations of the Parties: Specific duties and responsibilities of each party in relation to the fee sharing arrangement
7. Record Keeping and Reporting: Requirements for maintaining financial records, reporting obligations, and audit rights
8. Confidentiality: Provisions regarding the confidential treatment of business information and client data
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for dispute resolution
1. Non-Competition: Restrictions on competitive activities, used when parties operate in the same market or industry
2. Professional Compliance: Specific provisions for compliance with professional regulations, required when regulated professionals are involved
3. Client Consent: Provisions regarding obtaining client consent for fee sharing, necessary when professional services are involved
4. Tax Provisions: Specific tax-related obligations and arrangements, included when complex tax implications exist
5. Insurance: Requirements for professional indemnity or other insurance coverage, included when significant liability risks exist
6. Data Protection: GDPR and data protection compliance provisions, required when personal data processing is involved
7. Force Majeure: Provisions for unforeseen circumstances, included when long-term or high-value arrangements are involved
1. Fee Calculation Schedule: Detailed methodology and examples of fee calculations and distributions
2. Services Description: Detailed description of services covered by the fee sharing arrangement
3. Reporting Template: Standard format for periodic fee reporting and reconciliation
4. Compliance Checklist: List of regulatory requirements and compliance obligations
5. Key Personnel: List of key contacts and responsible persons from each party
6. Bank Account Details: Banking information for fee transfers and payments
Authors
Fee
Fee Share
Fee Share Period
Services
Territory
Business Day
Commencement Date
Confidential Information
Force Majeure Event
Gross Revenue
Net Revenue
Payment Date
Professional Services
Referral
Client
Intellectual Property Rights
Material Breach
Quarter
Regulatory Requirements
Related Party
Service Provider
Term
Working Hours
Applicable Law
Professional Rules
Distribution Period
Records
Calculation Period
Bank Account
Business
Effective Date
Parties
Professional Standards
Quality Standards
Reporting Period
VAT
Termination Date
Fee Calculation
Fee Distribution
Payment Terms
Record Keeping
Audit Rights
Confidentiality
Data Protection
Professional Compliance
Regulatory Compliance
Service Standards
Representations and Warranties
Term and Duration
Termination
Force Majeure
Liability
Indemnification
Insurance
Non-Competition
Non-Solicitation
Assignment
Variation
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Client Consent
Tax Compliance
VAT
Reporting Requirements
Quality Control
Legal Services
Financial Services
Professional Services
Real Estate
Insurance
Management Consulting
Business Advisory
Investment Services
Healthcare
Technology Services
Legal
Finance
Compliance
Business Development
Operations
Risk Management
Professional Services
Partner Relations
Accounting
Contract Administration
Managing Partner
Chief Financial Officer
Legal Counsel
Compliance Officer
Business Development Manager
Financial Controller
Professional Services Director
Partnership Manager
Operations Director
Contracts Manager
Revenue Manager
Professional Practice Manager
Risk Management Officer
Account Director
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