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Fee Share Agreement
"I need a Fee Share Agreement between my consulting firm and a network of independent contractors in Malaysia, with a 70-30 split of consulting fees and quarterly payments starting from March 2025."
1. Parties: Identification of all parties to the agreement with their full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the fee sharing arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Fee Sharing Structure: Detailed explanation of the fee sharing formula, calculation methods, and basis for sharing
5. Payment Terms: Timeline for payments, payment methods, currency, and handling of expenses
6. Parties' Obligations: Specific duties and responsibilities of each party under the agreement
7. Record Keeping and Audit Rights: Requirements for maintaining financial records and rights to audit
8. Confidentiality: Protection of confidential information and trade secrets
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
11. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Non-Competition: Restrictions on competitive activities, used when parties operate in the same industry
2. Intellectual Property Rights: IP ownership and licensing terms, needed when shared activities involve IP creation
3. Marketing and Branding: Rules for using each other's brands and marketing materials, important for public-facing arrangements
4. Dispute Resolution: Specific procedures for resolving disputes, including mediation or arbitration, useful for high-value arrangements
5. Force Majeure: Provisions for handling unforeseen circumstances, particularly relevant in long-term arrangements
6. Data Protection: Compliance with data protection laws, necessary when personal data is shared
7. Insurance: Insurance requirements and obligations, important for high-risk activities
1. Schedule 1 - Fee Calculation: Detailed formula and examples of fee calculations
2. Schedule 2 - Services: Detailed description of services covered under the fee sharing arrangement
3. Schedule 3 - Payment Procedures: Step-by-step process for invoicing and payment
4. Schedule 4 - Key Personnel: List of key personnel responsible for managing the fee sharing arrangement
5. Schedule 5 - Reporting Template: Standard format for regular financial reporting
6. Appendix A - Bank Account Details: Banking information for fee transfers
7. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements applicable to the arrangement
Authors
Professional Services
Financial Services
Legal Services
Real Estate
Healthcare
Technology
Consulting
Insurance
Education
Banking
Investment Management
Business Process Outsourcing
Legal
Finance
Business Development
Compliance
Operations
Commercial
Sales
Partnership Management
Risk Management
Corporate Development
Chief Financial Officer
Managing Director
Business Development Manager
Legal Counsel
Partnership Manager
Financial Controller
Compliance Officer
Commercial Director
Operations Manager
Contract Manager
Business Partner Manager
Regional Director
Head of Sales
Chief Operating Officer
Partner Relations Manager
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