Define: Commission Fee

How is Commission Fee defined in a legal contract?

• Commission Fee means the fee calculated at the rate specified either by you or in any loan document charged at a specific time on the total amount of credit and on any increment in credit for the duration each credit is active. Seen in 12 SEC filings
• Commission Fee means the maximum fee, as designated by the formula in the Acquisition and Operating Policy, that may be withdrawn from the General Receipts Account and deposited in the Expense Fund to be paid to the Commission excluding any payments or reimbursements of the Commission’s third party obligations. Seen in 6 SEC filings
• Commission Fee means a fee (charge) imposed by the company for the payment transaction and/or associated payment services, account related services or services linked to these. Seen in 6 SEC filings
• Commission Fee means a fee the company receives as an agent and/or broker for a customer at a decided rate determined by the company or relevant laws. This includes taxes, fees, duties, and any other expenses that may incur. Seen in 4 SEC filings
• Commission Fee means the annual fees that the company pays to a bank on the issued amount of a Letter of Credit Facility. Seen in 4 SEC filings
• Commission Fee means the fee charged by PayPal for providing the PayPal Service. Seen in 3 SEC filings
• Commission Fee means as per clause 3.1; Seen in 3 SEC filings

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Commission Fee means the charge determined by [Organization] for processing transactions and providing related services involving credit.

Relevant Contract Types

• Service Provider Contracts
• Freelance Contracts
• Consulting Agreements

Relevant Circumstances

• Credit extension transactions
• Transaction processing services
• Financial operations involving credit

Relevant Sectors

• Banking
• Financial Services

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Genie Definition 2

Commission Fee means the annual charges paid by [Organization] to a bank on an issued Letter of Credit Facility.

Relevant Contract Types

• Loan Agreements
• Credit Agreements

Relevant Circumstances

• Loan agreements involving a Letter of Credit Facility
• Commercial banks providing Letter of Credit Facility

Relevant Sectors

• Banking
• Finance

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Genie Definition 3

Commission Fee means a payment received by [Organization] for serving as a customer's agent or broker.

Relevant Contract Types

• Brokerage Agreements
• Agency Agreements

Relevant Circumstances

• Brokerage services provided to individuals or businesses
• Agent agreement where the agent receives commission

Relevant Sectors

• Real Estate
• Insurance

Genie Definition 4

Commission Fee means the fee levied by PayPal for providing its services.

Relevant Contract Types

• Software Licensing Agreements
• E-commerce Contracts

Relevant Circumstances

• Payment processing through PayPal for e-commerce
• Digital transactions using PayPal services

Relevant Sectors

• Technology
• E-commerce

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