Split Fee Agreement Template for Malaysia

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Key Requirements PROMPT example:

Split Fee Agreement

"I need a Split Fee Agreement between my recruitment agency and an overseas partner firm, where we'll share 30% of placement fees for any successful candidates we refer to each other, starting from January 2025."

Document background
The Split Fee Agreement is essential for businesses and professionals in Malaysia who wish to formalize fee-sharing arrangements in a legally compliant manner. This document is particularly relevant when two or more parties collaborate on business opportunities and agree to share the resulting revenue or commission. The agreement addresses key aspects such as fee calculation methodologies, payment schedules, obligations of each party, and compliance with Malaysian regulations. It is commonly used in professional services, recruitment, real estate, and other sectors where fee-sharing is standard practice. The document ensures transparency in financial arrangements while protecting the interests of all parties involved.
Suggested Sections

1. Parties: Identifies and provides full details of all parties to the agreement

2. Background: Explains the context and purpose of the fee-splitting arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Fee Structure: Details the basic fee structure and splitting methodology

5. Payment Terms: Specifies payment timing, method, and currency

6. Calculation Method: Explains how fees will be calculated and split between parties

7. Obligations of Parties: Lists the duties and responsibilities of each party

8. Record Keeping: Specifies requirements for maintaining financial records and documentation

9. Audit Rights: Establishes rights to audit fee calculations and relevant records

10. Term and Termination: States the duration of the agreement and conditions for termination

11. Confidentiality: Establishes confidentiality obligations regarding the arrangement

12. Governing Law: Specifies Malaysian law as governing law and jurisdiction

13. Dispute Resolution: Outlines process for resolving disputes between parties

Optional Sections

1. Non-Compete: Include when parties want to restrict competitive activities

2. Exclusivity: Include when the fee-splitting arrangement is exclusive

3. Force Majeure: Include to address circumstances beyond parties' control

4. Assignment: Include when transfer of rights needs to be addressed

5. Insurance: Include when specific insurance coverage is required

6. Regulatory Compliance: Include when specific regulatory requirements apply to the industry

7. Tax Provisions: Include when specific tax arrangements need to be addressed

8. Anti-Money Laundering: Include for high-value agreements or when dealing with regulated industries

Suggested Schedules

1. Fee Calculation Schedule: Detailed methodology for calculating and splitting fees

2. Service Areas: List of services or activities covered by the fee-splitting arrangement

3. Payment Schedule: Detailed payment terms, dates, and mechanisms

4. Authorized Representatives: List of persons authorized to act on behalf of each party

5. Compliance Requirements: Specific regulatory or compliance requirements applicable to the arrangement

6. Required Documentation: Templates or forms required for fee calculations and payments

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 Industries

Professional Services

Recruitment

Real Estate

Financial Services

Consulting

Legal Services

Business Services

Healthcare

Insurance

Education

Relevant Teams

Legal

Finance

Business Development

Compliance

Operations

Sales

Partnerships

Commercial

Risk Management

Contract Administration

Relevant Roles

Managing Director

Business Development Manager

Recruitment Consultant

Real Estate Agent

Financial Advisor

Legal Counsel

Partnership Manager

Commercial Director

Operations Manager

Compliance Officer

Finance Manager

Business Partner

Sales Director

Channel Manager

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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