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Broker To Broker Commission Agreement
"I need a Broker to Broker Commission Agreement for a Dutch financial services firm collaborating with a German investment broker, with a 60-40 commission split and specific provisions for cross-border transactions, to be effective from March 1, 2025."
1. Parties: Identification of the participating brokers, including registration numbers and regulatory licenses
2. Background: Context of the agreement and brief description of each broker's business
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Collaboration: Details of the business relationship and services to be provided between brokers
5. Commission Structure: Framework for commission calculations, payment terms, and conditions for commission eligibility
6. Obligations and Responsibilities: Specific duties and responsibilities of each broker
7. Compliance Requirements: Regulatory compliance obligations and required procedures
8. Confidentiality: Protection of confidential information and trade secrets
9. Data Protection: GDPR compliance and data handling procedures
10. Term and Termination: Duration of agreement and termination provisions
11. Liability and Indemnification: Allocation of risks and responsibilities for losses
12. Governing Law and Jurisdiction: Specification of Dutch law application and jurisdiction
13. General Provisions: Standard boilerplate clauses including assignment, amendments, and notices
1. Non-Competition: Restrictions on competing activities, included when brokers operate in overlapping markets
2. White Labeling: Terms for using each other's branding, needed when one broker markets another's services under their own brand
3. Minimum Performance Requirements: Performance targets and consequences for not meeting them, included for volume-based relationships
4. Dispute Resolution: Alternative dispute resolution procedures, included when parties prefer mediation or arbitration over court proceedings
5. Insurance Requirements: Specific insurance coverage requirements, included for high-risk or regulated activities
6. Training and Support: Terms for technical or operational support between brokers, included for complex service arrangements
1. Commission Rates and Calculations: Detailed commission structures, rates, and calculation methods
2. Service Level Agreement: Specific performance metrics and service standards
3. Operational Procedures: Detailed procedures for day-to-day operations and collaboration
4. Compliance Procedures: Detailed compliance requirements and procedures
5. Approved Products/Services: List of products or services covered by the agreement
6. Contact Details and Escalation Matrix: Key contact persons and escalation procedures
7. Required Documentation: Templates and forms for commission claims and reporting
Authors
Applicable Law
Authorisation
Business Day
Client
Commission
Commission Period
Competent Authority
Confidential Information
Effective Date
Financial Services
Force Majeure Event
Intellectual Property Rights
Lead Broker
Participating Broker
Personal Data
Regulatory Requirements
Services
Territory
Transaction
Wft
Working Hours
Referral
Commission Rate
Payment Date
Qualifying Transaction
Revenue Share
Settlement Period
Target Market
Term
Termination Date
Trade Secret
Transaction Value
AFM
DNB
Broker Network
Commission Statement
Compliance Requirements
Documentation
Eligible Business
Material Breach
Minimum Commission
Performance Standards
Reporting Period
Service Level Requirements
Recitals
Definitions
Scope of Agreement
Commission Structure
Payment Terms
Regulatory Compliance
Licensing Requirements
Service Level Standards
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Record Keeping
Audit Rights
Reporting Requirements
Performance Standards
Territory Restrictions
Client Ownership
Referral Process
Commission Calculations
Payment Procedures
Term and Duration
Termination Rights
Force Majeure
Liability and Indemnification
Insurance Requirements
Assignment and Delegation
Dispute Resolution
Governing Law
Jurisdiction
Notices
Amendment and Modification
Entire Agreement
Severability
Third Party Rights
Anti-Money Laundering
Client Due Diligence
Business Continuity
Authorizations and Permits
Financial Services
Insurance
Real Estate
Investment Banking
Mortgage Lending
Securities Trading
Commodities Trading
Foreign Exchange
Commercial Property
Wealth Management
Legal
Compliance
Finance
Operations
Business Development
Risk Management
Commercial
Partner Relations
Commission Administration
Regulatory Affairs
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Head of Compliance
Legal Counsel
Compliance Officer
Business Development Manager
Partnership Manager
Commission Manager
Broker Relations Manager
Operations Director
Financial Controller
Risk Manager
Commercial Director
Managing Broker
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