Broker Agent Commission Agreement Template for South Africa

1. Non-Compete: Restrictions on competitive activities, used when the broker has access to sensitive client information or strategic relationships

2. Performance Targets: Specific performance requirements and consequences, included when the agreement is performance-based

3. Training and Support: Details of training and support provided by the principal, included for complex product offerings

4. Multiple Product Lines: Specific provisions for handling different product categories, used when the broker represents various product types

5. Sub-Agents: Terms for appointing and managing sub-agents, included when the broker is authorized to build a network

6. International Operations: Special provisions for cross-border activities, included when the broker operates internationally

7. Clawback Provisions: Terms for commission recovery, included when there's a risk of early contract termination or policy cancellation

1. Commission Rates: Detailed breakdown of commission percentages for different products or services

2. Territory Description: Specific geographical areas or market segments covered by the agreement

3. Product Schedule: List of authorized products or services the broker may sell

4. Compliance Procedures: Detailed compliance requirements and procedures

5. Reporting Templates: Standard forms and templates for regular reporting

6. Service Level Requirements: Detailed performance metrics and service standards

7. Fee Schedule: Additional fees, charges, or special commission arrangements