Undertaking Letter For Commission Payment Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Undertaking Letter For Commission Payment

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Undertaking Letter For Commission Payment

"I need an Undertaking Letter For Commission Payment to formalize a 5% commission arrangement with our new sales agent in Singapore, with monthly payments starting from March 2025 and including performance-based bonus structures."

Document background

The Undertaking Letter For Commission Payment is a crucial document in Singapore's business landscape, used when one party needs to formally commit to paying commission to another. It's particularly relevant in scenarios involving sales transactions, agency relationships, or business introductions. The document provides legal certainty by clearly stating commission amounts, payment terms, and conditions, while ensuring compliance with Singapore's regulatory framework, including employment law, tax requirements, and anti-corruption regulations. This undertaking letter serves as evidence of the payment obligation and can be enforced under Singapore law.

Suggested Sections

1. Addressee Details: Full name and address of the recipient including designation and company details

2. Commission Details: Specific amount or percentage of commission being undertaken, including calculation method

3. Payment Terms: Timeline, method, and conditions of commission payment including bank details if applicable

4. Underlying Transaction: Reference to the transaction or business relationship generating the commission

5. Undertaking Statement: Clear and unequivocal statement of commitment to pay the specified commission

Optional Sections

1. Conditions Precedent: Specific conditions that must be met before the commission payment obligation becomes effective

2. Performance Requirements: Detailed criteria and metrics that must be achieved to qualify for commission payment

3. Dispute Resolution: Process and procedures for resolving any disagreements related to the commission payment

4. Confidentiality: Terms regarding the confidential treatment of the commission arrangement and related information

5. Termination: Conditions under which the commission payment obligation may be terminated

Suggested Schedules

1. Commission Calculation Schedule: Detailed breakdown and methodology for calculating the commission amount

2. Payment Schedule: Structured timeline of payment installments if the commission is to be paid in multiple tranches

3. Supporting Documents: List of relevant transaction documents, performance records, or other supporting materials

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Financial Services
Sales and Distribution
Professional Services
Import/Export

Relevant Teams

Sales
Finance
Legal
Compliance
Business Development
Operations

Relevant Roles

Sales Director
Business Development Manager
Finance Manager
Legal Counsel
Compliance Officer
Regional Director

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Undertaking Letter For Commission Payment

Authors

Alex Denne

Find the exact document you need

Freelance Payment Contract

Undertaking Letter For Commission Payment

Tripartite Agreement For Third Party Payment

Settlement Agreement Payment Terms

Royalty Agreement Form

Recurring Payment Agreement

Rental Agreement Advance Payment

Personal Loan Repayment Agreement

Payment Plan Letter To Debtor

Payment For Non Compete Agreement

Payment For Contract

Pay Off Agreement

Pay Back Contract

Partial Payment Agreement For Lot

Partial Payment Agreement For House And Lot

Loan Repayment Agreement Letter

Non Payment Agreement

Lot Payment Agreement

Land Payment Agreement Letter

Install Agreement

Independent Contractor Payment Agreement

Final Payment Agreement

Employee Repayment Agreement Letter

Down Payment Contract

Delayed Payment Agreement

Commitment Letter To Pay Debt

Commission Payment Agreement

Car Payment Agreement Between Two Parties

Billing Agent Agreement

Arrears Repayment Agreement

Agreement To Pay Rent Arrears

Agreement Letter For Receiving Money

Agreement For Cash Payment

Accident Payment Agreement Letter

Advance Payment Contract

Advance Payment Agreement

Third Party Payment Contract

Tenancy Agreement Payment

Sale Payment Agreement

Prepayment Agreement

Payment Undertaking Agreement

Payment Plan Arrangement Letter

Pay Settlement Agreement

Partial Rent Payment Agreement

Part Payment Sale Agreement

Non Refundable Payment Agreement

Loan Repayment Agreement Employee

Loan Repayment Agreement Between Friends

Letter For Agreement Of Payment

Letter Of Commission Payment

Invoicing Agreement

Full Payment Agreement Of Property

Entrusted Payment Agreement

Down Payment Agreement

Direction To Pay Agreement

Deferred Sale Agreement

Deferred Payment Contract

Deferment Agreement

Debt Acknowledgement And Repayment Agreement

Contract For Installment Payments

Cash Payment Contract

Agreement Letter For Installment Payment

Payment Terms Contract

Collection Payment Plan Letter

Agreement To Pay Letter

Agreement Letter For Down Payment

Production Payment Agreement

Contract To Sell Installment Payment

Consultant Payment Agreement

Settlement Agreement For Payment

Auto Payment Agreement

Vehicle Sales Agreement Payment Plan

Vehicle Bill Of Sale Payment Agreement

Repayment Plan Agreement

Land Installment Agreement