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1. Parties: Identifies and defines all parties to the agreement, including their legal status and contact details
2. Background: Sets out the context and purpose of the agreement, including why a contingency arrangement is being entered into
3. Definitions: Defines key terms used throughout the agreement, particularly focusing on terms related to contingent events and success criteria
4. Scope of Services: Detailed description of the services or actions to be performed under the contract
5. Contingent Events: Clearly defines the specific events or conditions that must occur for the contingent obligations to become active
6. Payment Terms: Specifies the payment structure, including how fees are calculated based on contingent events and when they become payable
7. Performance Criteria: Establishes measurable criteria for determining whether contingent conditions have been met
8. Timing and Deadlines: Sets out any relevant timeframes for both performance and the occurrence of contingent events
9. Reporting and Communication: Details how parties will communicate progress and notify each other of contingent events
10. Termination: Specifies circumstances under which the agreement can be terminated and the consequences
11. Dispute Resolution: Outlines the process for resolving disputes about whether contingent events have occurred
12. General Provisions: Standard contract clauses including governing law, entire agreement, and amendment procedures
1. Success Fee Structure: Used when the contingency includes bonus payments or variable fee structures based on different levels of success
2. Third Party Obligations: Include when the contingent events depend on or involve third party actions or approval
3. Insurance and Indemnity: Required when the contingent services involve significant risks or professional liability
4. Intellectual Property Rights: Include when the services might result in creation of intellectual property
5. Confidentiality: Required when sensitive information will be shared during the contract performance
6. Non-Competition: Include when protecting against competitive activities is relevant to the contingent arrangement
7. Force Majeure: Include when external events could impact the ability to achieve contingent conditions
1. Schedule 1: Detailed Service Specifications: Detailed breakdown of services to be provided and specific deliverables
2. Schedule 2: Fee Calculation Methodology: Detailed formula or methodology for calculating contingent fees or payments
3. Schedule 3: Success Criteria Matrix: Detailed matrix of success criteria and corresponding payment levels
4. Schedule 4: Timeline and Milestones: Detailed project timeline including key dates and contingent event deadlines
5. Schedule 5: Required Documentation: List of documents required to evidence achievement of contingent conditions
6. Appendix A: Relevant Certificates and Licenses: Copies of any required professional certificates or licenses
7. Appendix B: Communication Protocol: Detailed procedures for reporting and communicating about contingent events
Legal Services
Real Estate
Professional Services
Management Consulting
Business Advisory
Construction
Project Management
Financial Services
Sales and Marketing
Business Development
Legal
Commercial
Operations
Finance
Sales
Business Development
Risk and Compliance
Procurement
Contract Administration
Project Management
Legal Counsel
Contract Manager
Business Development Manager
Real Estate Agent
Sales Director
Project Manager
Procurement Manager
Commercial Director
Operations Manager
Risk Manager
Compliance Officer
Managing Director
Chief Financial Officer
Business Consultant
Performance Manager
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