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Intermediary Commission Agreement
"I need an Intermediary Commission Agreement for appointing a sales agent in Northern England who will sell our software products, with a 15% commission rate and quarterly performance targets starting from March 2025."
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 including Commission, Territory, Products/Services
4. Appointment and Scope: Terms of intermediary appointment and scope of authority
5. Commission Structure: Details of commission rates, calculation methods, and payment terms
6. Obligations of the Parties: Duties and responsibilities of both principal and intermediary
7. Term and Termination: Duration of agreement and termination provisions
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of applicable law and jurisdiction
1. Territory: Geographic scope of intermediary's authority - include when activities are limited to specific regions
2. Non-Compete: Restrictions on competitive activities - include when protecting against competition is crucial
3. Performance Targets: Specific targets or KPIs - include when commission is performance-linked
4. Regulatory Compliance: Industry-specific compliance requirements - include for regulated industries
1. Commission Rates Schedule: Detailed breakdown of commission rates and calculation methods
2. Territory Schedule: Detailed description of geographic territories covered
3. Products/Services Schedule: List of products/services covered by the agreement
4. Reporting Templates: Standard forms for commission reports and calculations
5. KPI Metrics: Detailed performance indicators and measurement criteria
Authors
Agreement
Business Day
Commencement Date
Commission
Confidential Information
Customer
Effective Date
Force Majeure Event
Initial Term
Intellectual Property Rights
Introduced Customer
Net Sales Value
Products
Principal
Principal's Business
Qualifying Transaction
Quarter
Services
Target
Term
Territory
Trade Marks
Transaction
Working Hours
Applicable Laws
Commission Period
Competing Business
KPIs
Minimum Performance Requirements
Non-Compete Period
Performance Metrics
Regulatory Approvals
Related Services
Reporting Period
Success Fee
Termination Date
Assignment
Audit Rights
Calculation of Commission
Commission Payment Terms
Confidentiality
Data Protection
Duration and Term
Entire Agreement
Force Majeure
Governing Law and Jurisdiction
Indemnification
Insurance
Intellectual Property Rights
Non-Competition
Non-Solicitation
Notices
Obligations of the Principal
Obligations of the Intermediary
Performance Requirements
Record Keeping
Relationship of the Parties
Reporting Requirements
Severability
Termination
Territory and Exclusivity
Third Party Rights
Variation
Warranties and Representations
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