Split Sales Commission Agreement for the United States
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Split Sales Commission Agreement
"I need a Split Sales Commission Agreement for my real estate brokerage firm that covers commission splits between senior and junior agents, with a 60-40 split ratio and monthly payment terms starting March 2025."
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1. Parties: Identification of all parties involved in the commission split arrangement
2. Background: Context of the agreement and business relationship
3. Definitions: Key terms used throughout the agreement including commission, territory, customers, and products/services
4. Commission Structure: Detailed breakdown of how commissions will be split between parties
5. Payment Terms: Timing and method of commission payments, including calculation periods and payment schedules
6. Term and Termination: Duration of agreement and conditions for termination or modification
7. Governing Law: Applicable jurisdiction and legal framework governing the agreement
1. Non-Compete Clause: Restrictions on competitive activities during and after the agreement term
2. Confidentiality: Provisions for protecting sensitive business information shared between parties
3. Dispute Resolution: Procedures for handling disagreements and conflicts between parties
4. Territory Restrictions: Geographic limitations and boundaries for sales activities
1. Schedule A - Commission Rate Schedule: Detailed breakdown of commission percentages, tiers, and special conditions
2. Schedule B - Product/Service List: Comprehensive list of products or services covered under the agreement
3. Schedule C - Payment Calculation Examples: Sample calculations demonstrating how commissions will be split in various scenarios
4. Schedule D - Territory Map: Visual representation and description of assigned sales territories if applicable
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