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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."
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
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
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
Payment Terms
Revenue Recognition
Record Keeping
Audit Rights
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Term and Duration
Termination
Force Majeure
Representations and Warranties
Indemnification
Assignment
Dispute Resolution
Governing Law
Notices
Amendment
Severability
Entire Agreement
Data Protection
Anti-Money Laundering
Regulatory Compliance
Tax Compliance
Performance Obligations
Exclusivity
Good Faith
Professional Services
Recruitment
Real Estate
Financial Services
Consulting
Legal Services
Business Services
Healthcare
Insurance
Education
Legal
Finance
Business Development
Compliance
Operations
Sales
Partnerships
Commercial
Risk Management
Contract Administration
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
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