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Broker Commission Agreement
"I need a Broker Commission Agreement for our Indonesian real estate company to engage multiple independent brokers, with a tiered commission structure starting from January 2025, including specific performance targets and territorial exclusivity provisions."
1. Parties: Identification of the Principal and the Broker, including their complete legal names, registration numbers, and addresses
2. Background: Context of the agreement, nature of the Principal's business, and purpose of engaging the Broker
3. Definitions: Definitions of key terms used throughout the agreement, including 'Commission', 'Territory', 'Products/Services', 'Successful Transaction'
4. Appointment and Scope: Terms of the Broker's appointment, exclusivity/non-exclusivity, and detailed scope of services
5. Broker's Rights and Obligations: Detailed responsibilities of the Broker, including reporting requirements, performance standards, and compliance obligations
6. Principal's Rights and Obligations: Principal's commitments, including information provision, support, and cooperation obligations
7. Commission Structure: Detailed explanation of commission calculations, rates, and payment terms
8. Payment Terms: Payment mechanics, timing, currency, tax considerations, and invoice requirements
9. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination
10. Confidentiality: Obligations regarding confidential information protection and permitted disclosures
11. Representations and Warranties: Standard representations about authority, capacity, and compliance with laws
12. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms
13. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Non-Competition: Restrictions on Broker's ability to represent competitors, used when exclusivity is important
2. Intellectual Property: IP rights and usage terms, needed when Broker will handle branded materials or proprietary information
3. Insurance: Insurance requirements for Broker, important for high-value transactions or regulated industries
4. Performance Targets: Specific KPIs and minimum performance requirements, used for performance-based arrangements
5. Training and Support: Details of training provided by Principal, relevant for complex products/services
6. Compliance with Anti-Corruption Laws: Detailed anti-corruption provisions, essential for international transactions or government-related business
7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets or industries
1. Commission Rates Schedule: Detailed breakdown of commission rates for different products/services or transaction types
2. Territory Definition: Specific geographical areas or market segments covered by the agreement
3. Products and Services: Comprehensive list of products/services covered under the agreement
4. Reporting Templates: Standard formats for regular reports required from the Broker
5. Performance Metrics: Detailed KPIs and calculation methodologies
6. Compliance Procedures: Step-by-step procedures for regulatory compliance and reporting
7. Contact Details: List of key contacts and escalation matrices for both parties
Authors
Real Estate
Financial Services
Insurance
International Trade
Commodities Trading
Securities and Investments
Import/Export
Manufacturing
Retail Distribution
Commercial Property
Agricultural Products
Industrial Equipment
Technology Services
Maritime and Shipping
Legal
Sales
Business Development
Finance
Compliance
Commercial Operations
Partner Relations
Contract Management
Account Management
Commission Administration
Sales Director
Business Development Manager
Commercial Director
Legal Counsel
Compliance Officer
Chief Financial Officer
Sales Operations Manager
Channel Partner Manager
Broker Relations Manager
Contract Administrator
Business Development Director
Regional Sales Manager
Commission Accounting Manager
Partnerships Director
Agency Relations Manager
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