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Split Fee Agreement
"I need a Split Fee Agreement between my real estate agency and a property development firm in Jakarta, with a 30-70 split for all successful property sales, starting from March 2025."
1. Parties: Identifies and provides full details of all parties entering into the agreement
2. Background: Explains the context and purpose of the fee-sharing arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Agreement: Outlines the specific activities or services covered by the fee-sharing arrangement
5. Fee Structure: Details the agreed-upon split fee percentages or ratios
6. Payment Terms: Specifies payment timing, method, and currency
7. Calculation Method: Explains how fees will be calculated and verified
8. Reporting Requirements: Outlines the requirements for financial reporting and documentation
9. Confidentiality: Establishes confidentiality obligations regarding the agreement and related information
10. Term and Termination: Specifies the duration of the agreement and termination conditions
11. Governing Law: Confirms Indonesian law as governing law and relevant jurisdictional details
12. Dispute Resolution: Outlines the process for resolving any disputes between parties
1. Non-Compete: Includes restrictions on competing activities, used when parties operate in the same industry
2. Additional Services: Describes any additional services provided by either party, used when the arrangement extends beyond basic fee sharing
3. Insurance Requirements: Specifies required insurance coverage, used when activities involve significant risks
4. Intellectual Property: Addresses IP rights and usage, used when shared activities involve intellectual property
5. Force Majeure: Covers unforeseeable circumstances preventing performance, used in longer-term arrangements
6. Assignment Rights: Specifies whether parties can assign their rights, used in complex business relationships
7. Audit Rights: Grants rights to audit financial records, used in high-value arrangements
1. Schedule A - Fee Calculation Matrix: Detailed breakdown of how fees are calculated for different types of transactions or services
2. Schedule B - Payment Procedures: Step-by-step process for fee calculations, invoicing, and payment
3. Schedule C - Reporting Template: Standard format for regular financial reporting between parties
4. Schedule D - Authorized Representatives: List of authorized persons who can act on behalf of each party
5. Appendix 1 - Service Level Agreement: Details of service standards if applicable to the fee-sharing arrangement
6. Appendix 2 - Compliance Requirements: Specific regulatory and compliance requirements under Indonesian law
Authors
Professional Services
Real Estate
Financial Services
Consulting
Legal Services
Recruitment
Investment Banking
Business Advisory
Insurance
Property Development
Legal
Finance
Business Development
Compliance
Operations
Commercial
Partnerships
Revenue Management
Contract Administration
Risk Management
Business Development Manager
Finance Director
Legal Counsel
Managing Partner
Commercial Director
Chief Financial Officer
Compliance Officer
Operations Manager
Business Partner
Contract Manager
Revenue Manager
Partnership Director
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