Commission Split Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{company_phone}}

Email: {{company_email}}

Website: {{company_website}}

Commission Split Agreement

This Commission Split Agreement (the “Agreement”) is made effective as of {{date_effective}}, by and between {{party_one_name}} (hereinafter “Party One”), located at {{party_one_address}}, and {{party_two_name}} (hereinafter “Party Two”), located at {{party_two_address}}.

Purpose of Agreement

The Parties agree to collaborate on {{project_or_deal_description}} (the “Project”), which is expected to generate commissionable revenue. This Agreement sets forth the terms and conditions for the equitable distribution of commissions earned from the Project.

Commission Structure

All commissions generated from the Project shall be calculated based on {{commission_base_amount_or_percentage}} of the gross revenue. The total commission earned will be {{total_commission_percentage}}.

The commission will be split between the Parties as follows:

Party One: {{party_one_commission_percentage}} %

Party Two: {{party_two_commission_percentage}} %

Details of specific transactions and their respective commission calculations will be documented in {{appendix_or_schedule_reference}}.

Payment Terms

Commissions will be paid out on {{payment_frequency}} (e.g., a monthly, quarterly, or upon project completion) within {{days_after_receipt}} days of {{receipt_of_payment_from_client}}. Payments shall be made via {{payment_method}} to the accounts designated by each Party.

Each Party is responsible for its own taxes and statutory contributions related to the commissions received.

Reporting and Transparency

{{responsible_party_for_reporting}} shall be responsible for providing a detailed commission report to both Parties on a {{reporting_frequency}} basis. This report will include details of sales made, gross revenue, commission calculations, and amounts due to each Party.

Both Parties shall have the right to request access to supporting documentation related to commission calculations, subject to reasonable advance notice.

Term and Termination

This Agreement shall commence on {{start_date}} and shall continue until {{end_date_or_event}}, unless terminated earlier by either Party as provided herein.

Either Party may terminate this Agreement with {{notice_period}} days written notice. In the event of termination, commissions earned but not yet paid will be settled according to the terms outlined in Section 4 within {{days_to_settle_after_termination}} days of the effective termination date.

Confidentiality

Both Parties agree to keep confidential all non-public information concerning the business, operations, and financial affairs of the other Party, including but not limited to, client lists, sales data, and commission structures, both during and after the term of this Agreement.

Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of {{country_name}}. Any disputes arising out of or in connection with this Agreement shall be resolved through {{dispute_resolution_method}} (e.g., negotiation, mediation, arbitration) before resorting to litigation.

Entire Agreement

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

Signatures

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

Party One:

_____________________________

Signature: {{party_one_signature}}

Name: {{party_one_printed_name}}

Title: {{party_one_title}}

Date: {{party_one_date}}

Party Two:

_____________________________

Signature: {{party_two_signature}}

Name: {{party_two_printed_name}}

Title: {{party_two_title}}

Date: {{party_two_date}}