Document background
The Split Commission Agreement is essential for businesses operating in Hong Kong where multiple parties collaborate in generating revenue and need to share resulting commissions. This document is commonly used when agents, brokers, or intermediaries work together on transactions and need to formally establish their commission-sharing arrangement. It addresses key aspects such as commission calculations, payment schedules, and party obligations while ensuring compliance with Hong Kong's legal and regulatory framework, including relevant ordinances governing commercial transactions, employment, and financial services. The agreement is particularly important in regulated industries where transparent commission arrangements are mandatory and helps prevent disputes by clearly documenting the agreed terms of commission sharing.
