The Split Commission Agreement is essential for businesses operating in Ireland where multiple parties collaborate in generating sales or revenue and need to share the resulting commissions. This document is commonly used in sectors such as financial services, real estate, and insurance, where commission-based compensation is standard practice. The agreement complies with Irish regulatory requirements, including the Central Bank (Supervision and Enforcement) Act 2013 where applicable, and addresses tax implications under the Taxes Consolidation Act 1997. It provides detailed mechanisms for calculating and distributing commissions, maintaining transparency, and ensuring fair treatment of all parties involved. The document is particularly relevant when establishing new business partnerships, referral arrangements, or restructuring existing commission-sharing relationships.
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1. Parties: Identification of all parties involved in the commission splitting arrangement
2. Background: Context of the agreement and business relationship between the parties
3. Definitions: Defined terms used throughout the agreement
4. Commission Structure: Core terms defining the split ratios and basis for commission sharing
5. Calculation Method: Detailed methodology for calculating commission splits
6. Payment Terms: Timing, method, and currency of commission payments
7. Parties' Obligations: Key responsibilities and duties of each party
8. Record Keeping: Requirements for maintaining commission records and supporting documentation
9. Audit Rights: Rights to audit commission calculations and relevant records
10. Confidentiality: Protection of confidential information shared between parties
11. Term and Termination: Duration of agreement and termination provisions
12. Governing Law and Jurisdiction: Specification of Irish law and jurisdiction
13. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Regulatory Compliance: Required when agreement involves regulated financial services or activities
2. Non-Compete Provisions: Used when parties wish to restrict competitive activities
3. Performance Metrics: Include when commission splits are tied to specific performance targets
4. Territory Restrictions: When commission splitting applies to specific geographic areas
5. Intellectual Property: Required when IP rights are relevant to the commission-generating activities
6. Data Protection: Include when personal data processing is involved in commission calculations
7. Force Majeure: Optional protection against unforeseen circumstances
8. Anti-Corruption: Include for high-value or international arrangements
1. Commission Rates Schedule: Detailed breakdown of commission split percentages and tiers
2. Calculation Examples: Practical examples of how commission splits will be calculated
3. Payment Procedures: Detailed procedures for processing and paying commissions
4. Reporting Templates: Standard formats for commission reporting and reconciliation
5. Eligible Products/Services: List of products or services that qualify for commission splitting
6. Key Performance Indicators: Metrics used to measure performance if relevant to commission splitting
7. Territory Map: Geographic areas covered by the agreement if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Real Estate
Insurance
Sales and Distribution
Professional Services
Technology and Software
Consulting
Recruitment
Advertising and Marketing
Retail
Relevant Teams
Sales Operations
Finance
Legal
Compliance
Business Development
Revenue Operations
Partner Management
Commercial Operations
Account Management
Risk Management
Relevant Roles
Sales Director
Business Development Manager
Commission Administrator
Financial Controller
Compliance Officer
Partnership Manager
Sales Operations Manager
Account Executive
Legal Counsel
Finance Manager
Commercial Director
Channel Manager
Revenue Operations Manager
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