The Fundraising Commission Agreement serves as a critical document for organizations seeking to engage professional fundraisers or agencies on a commission basis in Singapore. This agreement is particularly important when organizations need to establish clear parameters for fundraising activities, commission structures, and compliance with local regulations. The document addresses key aspects such as payment terms, performance metrics, regulatory compliance, and risk management, while ensuring alignment with Singapore's legal framework. The agreement is commonly used by both charitable and commercial organizations, providing a structured approach to fundraising relationships and protecting the interests of all parties involved.
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Key Requirements PROMPT example:
Fundraising Commission Agreement
"Need a Fundraising Commission Agreement for engaging a professional fundraiser to help our educational charity raise $2M through corporate sponsorships, with a tiered commission structure starting from March 2025 and including strict compliance requirements for Singapore fundraising regulations."
1. Parties: Identifies and defines all parties to the agreement, including their legal status and contact details
2. Background: Context of the agreement and brief description of the fundraising arrangement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and detailed scope of fundraising services
5. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
6. Obligations of Parties: Specific responsibilities of both the fundraiser and the principal
7. Compliance Requirements: Regulatory compliance obligations and reporting requirements
8. Term and Termination: Duration of agreement and circumstances for termination
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Data Protection: PDPA compliance requirements and data handling procedures when personal data will be collected or processed
2. Non-Compete: Restrictions on fundraising for competitors, typically used for exclusive fundraising arrangements
3. Insurance: Insurance requirements and coverage provisions for situations involving significant risks or public events
4. Intellectual Property: Usage rights for branding and materials when branded materials or proprietary content will be used
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant for long-term agreements or high-value fundraising
1. Commission Rate Schedule: Detailed breakdown of commission rates for different types of fundraising activities
2. Fundraising Territory: Geographic areas where fundraising activities are permitted
3. Compliance Checklist: List of regulatory requirements and compliance procedures
4. Approved Fundraising Methods: Detailed description of permitted fundraising techniques and approaches
5. Reporting Templates: Standard forms for activity reporting and commission calculations
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