The Business Development Commission Agreement is a crucial commercial contract used when companies in India seek to expand their market presence through external representatives or agents. This agreement type is particularly relevant in the Indian business context, where companies often rely on local representatives to develop business opportunities in specific territories or market segments. The document is structured to comply with Indian contract law, including the Indian Contract Act, 1872, and relevant commercial regulations. It typically includes detailed provisions for commission calculations, payment terms, territorial restrictions, performance expectations, and compliance requirements. This agreement is essential for protecting both parties' interests while establishing clear parameters for the business development relationship and ensuring regulatory compliance in the Indian market.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification and details of the Principal Company and the Business Development Representative
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and detailed scope of business development services
5. Territory and Market Segment: Defined geographical area and/or market segments where the representative is authorized to operate
6. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
7. Payment Terms: Timeline and method of commission payments, including currency and tax considerations
8. Obligations of the Representative: Duties, responsibilities, and performance expectations of the business development representative
9. Obligations of the Company: Company's commitments, support, and responsibilities towards the representative
10. Term and Termination: Duration of the agreement and conditions for termination
11. Confidentiality: Protection of confidential information and trade secrets
12. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation
13. Representations and Warranties: Standard declarations and guarantees from both parties
14. Indemnification: Mutual indemnification provisions and liability limitations
15. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution
16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Performance Targets: Specific sales or business development targets, used when the agreement includes performance-based elements
2. Training and Support: Details of training and support provided by the company, included when significant onboarding or ongoing support is required
3. Intellectual Property Rights: IP ownership and usage rights, included when the representative will be handling or creating IP
4. Insurance Requirements: Specific insurance coverage requirements, included for high-value or high-risk arrangements
5. Compliance with Anti-Corruption Laws: Detailed anti-corruption provisions, included for international dealings or when required by company policy
6. Data Protection: Specific data protection and privacy requirements, included when personal data processing is involved
7. Force Majeure: Provisions for unforeseen circumstances, included when requested by either party
8. Post-Termination Obligations: Specific obligations after agreement termination, included for complex relationships
1. Schedule A - Commission Rates: Detailed breakdown of commission percentages for different products/services
2. Schedule B - Territory Definition: Detailed description of geographical territories and/or market segments
3. Schedule C - Target Products/Services: List and description of products/services covered under the agreement
4. Schedule D - Reporting Templates: Standard formats for activity reports and commission calculations
5. Schedule E - Key Performance Indicators: Detailed metrics for measuring representative's performance
6. Appendix 1 - Code of Conduct: Company's code of conduct and ethical business practices
7. Appendix 2 - Operating Procedures: Standard operating procedures for business development activities
Find the exact document you need
Finder Fees Agreement
An Indian law-governed agreement establishing terms for compensating intermediaries who facilitate business introductions and opportunities.
Download
Compensation Agreement (Real Estate)
An Indian law-governed agreement establishing terms and conditions for real estate property compensation, suitable for both private and public sector use.
Download
Real Estate Commission Contract
An Indian law-governed agreement establishing commission terms and service conditions between property owners and real estate agents, compliant with RERA regulations.
Download
Draw Against Commission Agreement
An Indian law-governed agreement establishing terms for advance payments against future commissions between a principal and sales representative.
Download
Art Commission Contract
An Indian law-compliant contract establishing terms between an artist and commissioner for creating original artwork, including specifications, payments, and rights.
Download
Salesperson Employment Contract
An Indian law-compliant employment contract for sales professionals, covering compensation, targets, and territory assignments.
Download
Lease Commission Agreement
An Indian law-governed agreement establishing commission terms and service scope between property owners and real estate brokers for leasing services.
Download
Draw Against Commission Contract
An Indian law-governed agreement establishing terms for advance payments against future commission earnings between a principal and commission agent.
Download
Commission Only Sales Rep Agreement
An Indian law-governed agreement establishing terms for engaging sales representatives compensated purely through sales commissions.
Download
Lead Generation Commission Agreement
An Indian law-governed agreement establishing terms for lead generation services and commission payments between a lead generator and principal company.
Download
Business Development Commission Agreement
An Indian law-governed agreement establishing terms for business development services provided on a commission basis, including payment terms and territorial rights.
Download
Sponsorship Commission Agreement
An Indian law-governed agreement establishing terms for sponsorship agent services and commission arrangements, including payment terms and performance requirements.
Download
Introducer Agreement Commission
An Indian law-governed agreement establishing terms for business introductions and commission payments between an introducer and a principal company.
Download
Intermediary Commission Agreement
An Indian law-governed agreement establishing commission-based terms between a principal and intermediary, defining service scope and compensation structure.
Download
Commission Draw Agreement
An Indian law-governed agreement establishing commission-based employment terms with draw provisions, detailing compensation structure and reconciliation processes.
Download
Commission Based Consulting Agreement
An Indian law-governed agreement establishing a commission-based consulting relationship, defining services, compensation structure, and mutual obligations.
Download
Land Sale Commission Agreement
An Indian law-governed agreement establishing commission terms and conditions between a property owner and real estate agent for land/property sale.
Download
Fundraising Commission Agreement
An Indian law-governed agreement establishing terms for fundraising services and associated commission structures, ensuring regulatory compliance while facilitating capital raising activities.
Download
Commission Contract Agreement
An Indian law-governed agreement establishing terms between a principal and commission agent, defining commission structures and performance requirements.
Download
Commission Based Employment Contract
An Indian law-governed employment contract establishing commission-based compensation terms, performance targets, and employment conditions between employer and employee.
Download
Commission Split Agreement
An Indian law-governed agreement establishing terms for commission sharing between parties, including calculation methods, payment terms, and regulatory compliance requirements.
Download
Commission Share Agreement
An India-governed agreement establishing terms for commission-based business relationships, including calculation methods, payment terms, and regulatory compliance requirements.
Download
Sales Representative Contract
An Indian law-governed agreement establishing the terms and conditions between a company and its sales representative, including appointment, territory rights, and commission structure.
Download
Commission Distribution Agreement
An Indian law-governed agreement establishing a commission-based distribution relationship between a principal company and a distributor, outlining terms of appointment, territory rights, and compensation structure.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)