Broker To Broker Commission Agreement Template for New Zealand

1. Non-Solicitation: Prevents direct solicitation of each other's clients, used when brokers want to protect their client base

2. Cross-Border Transactions: Additional provisions for international transactions, needed when dealing with overseas clients or payments

3. White Labeling: Terms for using each other's branding, included when one broker provides services under the other's brand

4. Regulatory Compliance: Specific compliance requirements, included when dealing with specialized financial products or markets

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets or uncertain conditions

6. Insurance Requirements: Specific insurance obligations, included when dealing with high-value transactions or specific risks

7. Data Protection: Additional privacy and data handling requirements, needed when extensive personal data processing is involved

1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates for different types of transactions or services

2. Schedule 2 - Service Categories: List and description of specific services covered under the agreement

3. Schedule 3 - Operating Procedures: Detailed procedures for client referrals, documentation, and transaction processing

4. Schedule 4 - Compliance Requirements: Specific regulatory and compliance requirements applicable to both parties

5. Schedule 5 - Authorized Representatives: List of authorized personnel who can act on behalf of each broker

6. Appendix A - Required Documentation: Templates and forms required for commission claims and transaction processing

7. Appendix B - Technology Requirements: Technical specifications for any shared platforms or systems used in the cooperation