The Intermediary Commission Agreement is essential for businesses operating in England and Wales that rely on intermediaries to facilitate transactions or generate business opportunities. This document establishes clear parameters for commission-based relationships, ensuring compliance with UK regulations while protecting both parties' interests. It defines commission structures, payment terms, performance expectations, and territorial rights, making it particularly valuable for businesses expanding their reach through third-party representatives.
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1. Parties: Identification and details of the principal and intermediary
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including Commission, Territory, Products/Services
4. Appointment and Scope: Terms of intermediary appointment and scope of authority
5. Commission Structure: Details of commission rates, calculation methods, and payment terms
6. Obligations of the Parties: Duties and responsibilities of both principal and intermediary
7. Term and Termination: Duration of agreement and termination provisions
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of applicable law and jurisdiction
1. Territory: Geographic scope of intermediary's authority - include when activities are limited to specific regions
2. Non-Compete: Restrictions on competitive activities - include when protecting against competition is crucial
3. Performance Targets: Specific targets or KPIs - include when commission is performance-linked
4. Regulatory Compliance: Industry-specific compliance requirements - include for regulated industries
1. Commission Rates Schedule: Detailed breakdown of commission rates and calculation methods
2. Territory Schedule: Detailed description of geographic territories covered
3. Products/Services Schedule: List of products/services covered by the agreement
4. Reporting Templates: Standard forms for commission reports and calculations
5. KPI Metrics: Detailed performance indicators and measurement criteria
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