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Fee Share Agreement Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Fee Share Agreement is essential for businesses and professionals operating in Malaysia who wish to formalize arrangements for sharing fees, commissions, or revenues. This document is commonly used in professional services, financial arrangements, and business partnerships where multiple parties contribute to generating revenue and need to establish clear terms for its distribution. The agreement must comply with Malaysian legal requirements, including the Contracts Act 1950 and relevant industry-specific regulations. It typically includes detailed provisions for calculation methodologies, payment procedures, reporting requirements, and dispute resolution mechanisms, while addressing specific Malaysian market practices and regulatory considerations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Relevant Industries

Professional Services

Financial Services

Legal Services

Real Estate

Healthcare

Technology

Consulting

Insurance

Education

Banking

Investment Management

Business Process Outsourcing

Relevant Teams

Legal

Finance

Business Development

Compliance

Operations

Commercial

Sales

Partnership Management

Risk Management

Corporate Development

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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