[{"data":1,"prerenderedAt":510},["ShallowReactive",2],{"document-commission-split-agreement-D12729":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":35,"customDescModule":169,"customdescription":6,"mdFm":170,"mdProseHtml":509},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"COMMISSION SPLIT AGREEMENT This Commission Split Agreement (\"Agreement\") is made and effective this [Date], BETWEEN: [COMMISSION AGENT NAME] (the \"Agent\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [PRINCIPAL NAME] (the \"Principal\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] Whereas the Principal wishes to market the product(s) described in Schedule A (the \"Product(s)\"); whereas Agent is prepared to sell the Product(s) on behalf of the Principal in return for a split commission; It is agreed as follows: SELLING RIGHTS The Principal grants the Agent an exclusive right to sell the Product(s) on behalf of the Principal within the territory described in Schedule B for a period of [PERIOD] commencing [DATE] (the \"Selling Rights\"). The Agent may not sell or attempt to sell the Product(s) outside of the territory described in Schedule B. The Agent shall use his best efforts to sell the Product(s) for the duration of the Selling Rights. At the request from time to time of the Principal, the Agent shall furnish the Principal with a reasonably detailed, written report on his efforts to sell the Product(s) in the period specified by the Principal. The Agent shall clearly identify himself as a duly authorized sales agent of the Principal in the course of his efforts to sell the Product(s) on behalf of the Principal and may not sell the Product(s) in his own name. PRODUCT PRICES The Principal shall fix the selling price(s) of the Product(s) and the Agent may only sell the Product(s) at the selling price(s) fixed by the Principal. ORDERS The Agent shall obtain written orders for the Product(s) from buyers, signed by or on behalf of the buyers, and remit the orders to the Principal. The Principal shall use its best efforts to fill orders duly remitted by the Agent in accordance with this agreement as expeditiously as possible. COMMISSION The Principal shall pay the Agent a commission of [NUMBER]% of the selling price, exclusive of any sales taxes, of each order or part of each order of Product(s) duly remitted by the Agent in accordance with this agreement which is paid for in full, inclusive of any sales taxes, and which is not subsequently returned for a refund. The Agent and Principal shall agree upon a reasonable split of the total commission for the order between or among the representatives involved, which split shall reflect each representative's respective contribution to the earning of such commission. The Principal may accept the return of Product(s) for a refund or partial refund in its sole discretion. The Agent is not entitled to any compensation for services performed or expenses incurred in connection with this agreement other than as set out in this agreement. TRAINING At the request of the Agent, the Principal shall train the Agent in the proper use of the Product(s). 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Company is in the business of [SPECIFY], B. Company desires to obtain certain introductory services described hereunder from the Referrer, C. Company agrees to engage the Referrer as an independent contractor to perform such Services and the Referrer hereby agrees to provide such services to the Company NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: APPOINTMENT The Company hereby appoints the Referrer to act as its sole and exclusive Referrer, for the purpose of providing the following Services [SPECIFY] to the Company: The Referrer shall provide the Services in accordance with the specifications and expectations established by the Company and the Referrer shall at all times observe and comply with all applicable federal and state or other laws and regulations. Referrer also undertakes to observe the highest professional standards in the performance of all services to be provided under this contract. INDEPENDENT CONTRACTOR The Referrer fully understands and accepts that he or she will perform his or her work as an independent contractor at his or her own expense and risk in order to obtain information on [SPECIFY] and submit it to the Company as a sales opportunity. DUTIES OF REFERRER Throughout the term of this Agreement, the Referrer shall make reasonable efforts to endorse and promote [COMPANY NAME] and its services. It may also refer and transmit potential customers (including, but not limited to, business acquaintances, customers and associates) for the [COMPANY NAME]'s Services. The Referrer will respect and comply with all current practices and procedures regarding the referral of clients to the Services. The Referrer may only claim compensation hereunder for customers with whom Referrer has had direct personal contact and to whom Referrer has directly approved and recommended the Services. Throughout the term of this Agreement, the Referrer undertakes not to recommend potential customers to any person or entity that offers products and services that are in competition with those offered by [COMPANY NAME]. If applicable, throughout the term of this Agreement, the Referrer undertakes to display all promotional items and relevant documentation related to [COMPANY NAME] products or services. COMPENSATION Under the terms of this agreement, the Company will pay the Referrer an intermediation fee for its services. This amount will be in the amount of [SPECIFY]. The above intermediation fees will be due in full by the Company, as from the moment of execution of the contract, i.e. the moment when the Company executes the terms of the contract with the Client introduced by the Referrer. Payment of this commission will be made no later than [SPECIFY] the day of the month following receipt of the invoice for fees related to the Services. PAYMENT CONDITIONS The referred customer is not a current customer of [COMPANY NAME] or a customer whom [COMPANY NAME] contacted before the date of the recommendation and to whom [COMPANY NAME] has undertaken sales and marketing efforts. Referral customers will not be considered accepted by the Company, and the Company will have no obligation to pay hereunder, unless an accepted contract is signed, or the service has been provided by one of the referrals. CONFIDENTIALITY In the course of performing the Services below, the Referrer may have access to certain confidential or proprietary information of the Company. ","Referral Fee Agreement","https://templates.business-in-a-box.com/imgs/1000px/referral-fee-agreement-D12730.png","https://templates.business-in-a-box.com/imgs/250px/12730.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12730.xml",{"title":91,"description":6},"referral fee agreement",[93,95],{"label":18,"url":94},"business-legal-agreements",{"label":21,"url":96},"purchase-sale-agreement","/template/referral-fee-agreement-D12730",{"description":99,"descriptionCustom":6,"label":100,"pages":101,"size":102,"extension":10,"preview":103,"thumb":104,"svgFrame":105,"seoMetadata":106,"parents":107,"keywords":111,"url":112},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[108],{"label":109,"url":110},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":114,"descriptionCustom":6,"label":115,"pages":116,"size":9,"extension":10,"preview":117,"thumb":118,"svgFrame":119,"seoMetadata":120,"parents":122,"keywords":121,"url":127},"PARTNERSHIP AGREEMENT This Partnership Agreement (\"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"First Partner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTNER NAME] (the \"Second Partner\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Partners desire to join together for the pursuit of common business goals. Partners have considered various forms of joint business enterprises for their business activities. Partners desire to enter into a partnership agreement as the most advantageous business form for their mutual purposes. The parties hereto agree to form a limited partnership (the \"Partnership\") under [LAW, CODE OR ACT]. In consideration of the mutual promises contained in this agreement, partners agree as follows: NAME AND DOMICILE The name of the partnership shall be [name]. The principal place of business shall be at [address], [city], [state/province], unless relocated by consent of the partners. Purposes Subject to the limitations set forth in this Agreement, the purposes of the Partnership are to engage in the business of [DESCRIBE ACTIVITIES]; and to conduct other activities as may be necessary or incidental to or desirable in connection with the foregoing. DURATION OF AGREEMENT The term of this agreement shall be for [number] years, commencing on [date], and terminating on [date], unless sooner terminated by mutual consent of the parties or by operation of the provisions of this agreement. CLASSIFICATION AND PERFORMANCE BY PARTNERS Partners shall be classified as active partners, advisory partners, or estate partners. An active partner may voluntarily become an advisory partner, may be required to become one irrespective of age, and shall automatically become one after attaining the age of [age] years, and in each case shall continue as such for [number] years unless the partner sooner withdraws or dies. If an active partner dies, the partner's estate will become an estate partner for [number] years. If an advisory partner dies within [Number] years of having become an advisory partner, the partner will become an estate partner for the balance of the [number]-year period. Only active partners shall have any vote in any partnership matter. At the time of the taking effect of this partnership agreement, all the partners shall be active partners except [name] and [name], who shall be advisory partners. An active partner, after attaining the age of [age] years, or prior to that age if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of all the other active partners determines that the reason for the change in status is bad health, may become an advisory partner at the end of any calendar month on giving [number] calendar months' prior notice in writing of the partner's intention to do so. The notice shall be deemed to be sufficient if sent by registered mail addressed to the partnership at its principal office at [address], [city], [state/province] not less than [number] calendar months prior to the date when the change is to become effective. Any active partner may at any age be required to become an advisory partner at any time if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of the other active partners shall decide that the change is for any reason in the best interests of the partnership, provided notice of the decision shall be given in writing to the partner. The notice shall be signed by the [chairman or as the case may be] of the [executive committee or as the case may be] or, in the event of his or her being unable to sign at the time, by another member of the [executive committee or as the case may be]. The notice shall be served personally on the partner required to change his or her status or mailed by registered mail to the partner's last known address. Change of the partner's status shall become effective as of the date specified in the notice. Every active partner shall automatically and without further act become an advisory partner at the end of the fiscal year in which the partner's birthday occurs. In the event that an active partner becomes an advisory partner or dies, the partner or the partner's estate shall be entitled to the following payments at the following times: [describe] Each active partner shall apply all of the partner's experience, training, and ability in discharging the partner's assigned functions in the partnership and in the performance of all work that may be necessary or advantageous to further the business interests of the partnership. CONTRIBUTION Each partner shall contribute [amount] on or before [date] to be used by the partnership to establish its capital position. Any additional contribution required of partners shall only be determined and established in accordance with Article Nineteen. MANAGEMENT OF THE PARTNERSHIP The Partnership shall be managed by [SPECIFY]. Subject to the limitations specifically contained in this Agreement, [PARTY MANAGING THE PARTNERSHIP] shall have the full, exclusive and absolute right, power and authority to manage and control the Partnership and the property, assets and business thereof. [PARTY MANAGING THE PARTNERSHIP] shall have all of the rights, powers and authority conferred by law or under other provisions of this Agreement. Without limiting the generality of the foregoing, such powers include the right on behalf of the Partnership, in [PARTY MANAGING THE PARTNERSHIP]' sole discretion, to: Acquire, purchase, renovate, improve, and own any property or assets necessary or appropriate or in the best interests of the business of the Partnership, and to acquire options for the purchase of any such property; Borrow money, issue evidences of indebtedness in connection therewith, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any indebtedness or obligation of the Partnership, and secure such indebtedness by mortgage, deed of trust, pledge or other lien on Partnership assets; Sue on, defend or compromise any and all claims or liabilities in favor of or against the Partnership and to submit any or all such claims or liabilities to arbitration; File applications, communicate and otherwise deal with any and all governmental agencies having jurisdiction over, or in any way affecting, the Partnership's assets or any part thereof or any other aspect of the Partnership business; Retain services of any kind or nature in connection with the Partnership business, and to pay therefore such remuneration deem reasonable and proper; and Perform any and all other acts deem necessary or appropriate to the Partnership business. TRANSFER OF PARNERSHIP INTERESTS Restrictions on Transfer None of the Partners shall sell, assign, transfer, mortgage, encumber, or otherwise dispose of the whole or part of that Partner's interest in the Partnership, and no purchaser or other transferee shall have any rights in the Partnership as an assignee or otherwise with respect to all or any part of that Partnership interest attempted to be sold, assigned, transferred, mortgaged, encumbered, or otherwise disposed of, unless and to the extent that the remaining Partner(s) have given consent to such sale, assignment, transfer, mortgage, or encumbrance, but only if the transferee forthwith assumes and agrees to be bound by the provisions of this Agreement and to become a Partner for all purposes hereof, in which event, such transferee shall become a substituted partner under this Agreement.","Partnership Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/partnership-agreement-D12551.png","https://templates.business-in-a-box.com/imgs/250px/12551.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12551.xml",{"title":121,"description":6},"partnership agreement",[123,124],{"label":18,"url":94},{"label":125,"url":126},"Partnership Agreements","partnership-agreement","/template/partnership-agreement-D12551",{"description":129,"descriptionCustom":6,"label":130,"pages":131,"size":132,"extension":10,"preview":133,"thumb":134,"svgFrame":135,"seoMetadata":136,"parents":137,"keywords":140,"url":141},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. (c) The Venture shall not pay interest on capital contributions of any Venturer.","Joint Venture Agreement","7",70,"https://templates.business-in-a-box.com/imgs/1000px/joint-venture-agreement-D889.png","https://templates.business-in-a-box.com/imgs/250px/889.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#889.xml",{"title":6,"description":6},[138,139],{"label":18,"url":94},{"label":18,"url":94},"joint venture agreement","/template/joint-venture-agreement-D889",{"description":143,"descriptionCustom":6,"label":144,"pages":145,"size":9,"extension":10,"preview":146,"thumb":147,"svgFrame":148,"seoMetadata":149,"parents":151,"keywords":150,"url":156},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":150,"description":6},"non disclosure agreement nda",[152,153],{"label":18,"url":94},{"label":154,"url":155},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":158,"descriptionCustom":6,"label":159,"pages":101,"size":9,"extension":10,"preview":160,"thumb":161,"svgFrame":162,"seoMetadata":163,"parents":165,"keywords":164,"url":168},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":164,"description":6},"service agreement",[166,167],{"label":18,"url":94},{"label":18,"url":94},"/template/service-agreement-D12711",false,{"seo":171,"reviewer":183,"legal_disclaimer":187,"quick_facts":188,"at_a_glance":190,"personas":194,"variants":219,"glossary":245,"clauses":279,"how_to_fill":330,"common_mistakes":371,"faqs":396,"industries":424,"comparisons":441,"diy_vs_lawyer":452,"jurisdictions":465,"related_template_ids_curated":486,"schema":496,"classification":497},{"meta_title":172,"meta_description":173,"primary_keyword":174,"secondary_keywords":175},"Commission Split Agreement Template | BIB","Free commission split agreement template for sales reps, brokers, and real estate agents.","commission split agreement template",[15,176,177,178,179,180,181,182],"commission sharing agreement template","sales commission split agreement","real estate commission split agreement","broker commission split agreement","commission split contract","commission sharing contract template","commission split agreement word",{"name":184,"credential":185,"reviewed_date":186},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":189,"legal_review_recommended":187,"signature_required":187,"notarization_required":169},"medium",{"what_it_is":191,"when_you_need_it":192,"whats_inside":193},"A Commission Split Agreement is a legally binding contract between two or more producers — sales representatives, real estate agents, or brokers — that defines how commissions earned on a jointly worked deal are divided. This free Word download covers attribution rules, calculation methodology, payment timing, dispute resolution, and tax handling in a single document you can edit online and export as PDF for signature before any shared deal closes.\n","Use it whenever two or more parties collaborate on a sale, referral, or client acquisition where a commission will be paid — before the deal closes, not after. It is especially critical when agents from different brokerages co-represent a client, when a sales rep brings in a deal but hands it to a closer, or when a referral partner expects a cut of a future commission.\n","Party identification and roles, deal or transaction description, commission calculation basis, split percentages and payment schedule, attribution and eligibility rules, tax responsibilities, confidentiality, dispute resolution, and governing law.\n",[195,199,203,207,211,215],{"title":196,"use_case":197,"icon_asset_id":198},"Real estate agents","Splitting buyer or seller commissions with a co-agent or referral partner","persona-real-estate-agent",{"title":200,"use_case":201,"icon_asset_id":202},"Independent sales reps","Documenting commission splits when co-selling a deal with another rep","persona-sales-rep",{"title":204,"use_case":205,"icon_asset_id":206},"Insurance brokers","Formalizing commission sharing on jointly written policies","persona-insurance-broker",{"title":208,"use_case":209,"icon_asset_id":210},"Mortgage brokers","Recording referral fee splits with originating or referring partners","persona-mortgage-broker",{"title":212,"use_case":213,"icon_asset_id":214},"Business development managers","Setting split terms with external referral partners before a deal closes","persona-biz-dev-manager",{"title":216,"use_case":217,"icon_asset_id":218},"Recruiting and staffing agencies","Splitting placement fees when two agencies co-source a candidate","persona-staffing-agency",[220,224,227,230,234,237,241],{"situation":221,"recommended_template":222,"slug":223},"Two real estate agents from the same brokerage splitting a deal","Internal Commission Split Agreement","commission-split-agreement-D12729",{"situation":225,"recommended_template":226,"slug":223},"Agents from two different brokerages co-representing a client","Inter-Brokerage Commission Split Agreement",{"situation":228,"recommended_template":86,"slug":229},"A referral partner expecting a percentage of a future commission","referral-fee-agreement-D12730",{"situation":231,"recommended_template":232,"slug":233},"A company paying its own sales employees a structured commission","Sales Commission Agreement","exclusive-sollicitation-sales-commission-agreement-D1242",{"situation":235,"recommended_template":236,"slug":223},"A recruiter splitting a placement fee with a sourcing partner","Recruitment Fee Split Agreement",{"situation":238,"recommended_template":239,"slug":240},"An independent contractor receiving a commission from a principal","Independent Contractor Commission Agreement","independent-contractor-agreement-D160",{"situation":242,"recommended_template":243,"slug":244},"A broker sharing trail commissions on recurring managed accounts","Trailing Commission Sharing Agreement","data-sharing-agreement-D13514",[246,249,252,255,258,261,264,267,270,273,276],{"term":247,"definition":248},"Commission","A percentage of a transaction's value paid to the producer or producers who facilitated the sale or placement.",{"term":250,"definition":251},"Split Ratio","The agreed percentage allocation of the total commission between two or more parties — for example, 60/40 or 50/50.",{"term":253,"definition":254},"Gross Commission Income (GCI)","The total commission earned on a transaction before deducting brokerage fees, splits, or expenses.",{"term":256,"definition":257},"Attribution","The determination of which party or parties are eligible to receive a share of the commission based on their contribution to the deal.",{"term":259,"definition":260},"Referral Fee","A fixed or percentage-based payment made to a party who introduced a client or opportunity but did not actively work the transaction.",{"term":262,"definition":263},"Co-Brokerage","An arrangement in which agents or brokers from two different firms collaborate on a single transaction, each representing one of the parties.",{"term":265,"definition":266},"Earnest Date","The agreed date from which a party's contribution to a deal is recognized for commission-attribution purposes.",{"term":268,"definition":269},"Draw Against Commission","An advance payment to a producer that is later deducted from earned commissions — relevant when one party fronts costs before a deal closes.",{"term":271,"definition":272},"1099 / T4A","Tax reporting forms (US Form 1099-NEC; Canadian T4A) issued to independent producers receiving commission income above the annual reporting threshold.",{"term":274,"definition":275},"Clawback","A contractual right to recover previously paid commissions if a transaction is cancelled, reversed, or falls below a minimum performance threshold.",{"term":277,"definition":278},"Hold-Back","A portion of the commission withheld temporarily — typically until a deal fully funds or a policy stays in force for a defined period — before being released to the parties.",[280,285,290,295,300,305,310,315,320,325],{"name":281,"plain_english":282,"sample_language":283,"common_mistake":284},"Parties and roles","Identifies each party by legal name and defines their specific role in the transaction — originating agent, co-agent, referral partner, or closer.","This Commission Split Agreement is entered into as of [DATE] between [PARTY A FULL LEGAL NAME] ('Originating Agent') and [PARTY B FULL LEGAL NAME] ('Co-Agent'). Each party's role in the subject transaction is described in Schedule A.","Identifying parties by nickname or trade name rather than their legal name — if a dispute reaches arbitration or court, enforcing obligations against an unregistered trade name is difficult.",{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Transaction description","Specifies the deal, client, or property this agreement applies to, so the split cannot later be claimed to extend to unrelated transactions.","This Agreement applies solely to the commission arising from the [SALE / PLACEMENT / POLICY] of [PROPERTY ADDRESS / CLIENT NAME / TRANSACTION DESCRIPTION], expected to close on or around [ESTIMATED CLOSE DATE].","Leaving the transaction description vague so it could apply to multiple deals — this creates disputes about which future commissions the agreement covers.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Commission calculation basis","States the total commission amount or rate, how it is calculated (percentage of sale price, flat fee, or GCI), and which party's schedule or contract governs the gross figure.","The total commission payable on the Transaction is [X]% of the final [SALE PRICE / PREMIUM / CONTRACT VALUE], equating to an estimated gross commission of $[AMOUNT]. The gross commission is set by [PARTY A's / THE PRINCIPAL'S] agreement with [CLIENT / COUNTERPARTY] and is not subject to renegotiation under this Agreement.","Not anchoring the split to the gross commission before deductions — if one party's brokerage takes a desk fee first, the net figure each party receives is materially different from what was discussed.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Split percentages and payment schedule","States each party's exact percentage share of the gross commission and when payment will be made — at closing, within a set number of days, or upon receipt by the paying party.","[PARTY A] shall retain [X]% and shall pay [PARTY B] [Y]% of the gross commission received. Payment to [PARTY B] shall be made within [10] business days of [PARTY A]'s receipt of the full commission from [PAYER / BROKERAGE / CLIENT].","Writing split percentages that add up to more or less than 100% when all parties are counted — double-check arithmetic before signing.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Attribution and eligibility rules","Defines what each party must contribute to be eligible for their share — and what happens to a party's share if they fail to complete their contribution (e.g., leave the deal before closing).","[PARTY B]'s entitlement to [Y]% is contingent on [PARTY B] having [INTRODUCED THE CLIENT / COMPLETED THE UNDERWRITING / MANAGED THE FILE THROUGH TO CLOSING]. If [PARTY B] withdraws from the Transaction prior to [CLOSING / POLICY ISSUANCE], [PARTY B]'s share shall be reduced to [Z]% or forfeited, at [PARTY A]'s discretion.","No forfeiture or reduction clause — if a party drops out mid-deal, the remaining party is left arguing about a split for work they did alone.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Tax responsibilities","Allocates responsibility for reporting and paying taxes on each party's share and specifies whether the paying party will issue a 1099, T4A, or equivalent form.","Each party is solely responsible for reporting and remitting applicable federal, state/provincial, and local taxes on their respective share of the commission. [PARTY A] shall issue [PARTY B] a Form 1099-NEC / T4A for the applicable tax year if [PARTY B]'s share equals or exceeds the reporting threshold in the governing jurisdiction.","Failing to address tax reporting at all — if the paying party does not issue a 1099 or T4A when required, both parties may face penalties.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Confidentiality","Prohibits either party from disclosing the terms of the split, the client's identity, or deal details to third parties without written consent.","Each party agrees to keep the terms of this Agreement, including split percentages, and all client and transaction information strictly confidential and shall not disclose such information to any third party without the prior written consent of the other party, except as required by law.","No confidentiality clause — split terms disclosed to clients or competitors can damage client relationships and invite renegotiation pressure after closing.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Dispute resolution","Sets the process for resolving disagreements about attribution, calculation, or payment — typically starting with written notice, then mediation, then arbitration or litigation.","If a dispute arises under this Agreement, the parties shall first attempt resolution by written notice and good-faith discussion within [15] business days. If unresolved, the dispute shall be submitted to non-binding mediation before a mutually agreed mediator. If mediation fails, disputes shall be resolved by binding arbitration under [AAA / JAMS] rules in [CITY, STATE].","Defaulting to full litigation for every dispute — commission splits are typically low-dollar disputes that resolve faster and cheaper through mediation or arbitration.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Clawback and hold-back provisions","Specifies whether commissions paid out can be recovered if the underlying deal cancels, reverses, or a policy lapses within a defined period.","If the Transaction is cancelled, rescinded, or otherwise fails to fund within [90] days of the payment to [PARTY B], [PARTY B] shall repay [PARTY A] the full amount received within [15] business days of written demand. [PARTY A] may withhold [X]% of [PARTY B]'s share as a hold-back until [FUNDING / POLICY IN-FORCE DATE].","No clawback clause for real estate or insurance deals — if the deal falls apart after payment, recovering funds from the other party without a written obligation is difficult.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Governing law and entire agreement","Designates the jurisdiction whose law governs interpretation and enforcement, and confirms this document supersedes all prior verbal or written discussions about the split.","This Agreement is governed by the laws of [STATE / PROVINCE / COUNTRY]. This Agreement constitutes the entire agreement between the parties with respect to the commission split on the Transaction and supersedes all prior representations, negotiations, and understandings, whether oral or written.","Omitting the entire-agreement clause — without it, one party may introduce prior email threads or verbal promises as evidence of different split terms.",[331,336,341,346,351,356,361,366],{"step":332,"title":333,"description":334,"tip":335},1,"Identify all parties and their roles","Enter each party's full legal name, brokerage or company affiliation, license number (if applicable), and their specific role in the transaction — originating agent, co-agent, referral partner, or closer.","Confirm each party's license status before signing — unlicensed individuals cannot legally receive real estate commissions in most US states and Canadian provinces.",{"step":337,"title":338,"description":339,"tip":340},2,"Describe the specific transaction","Fill in the property address, client name, policy number, or deal identifier that this agreement covers. Include the estimated close or effective date.","Be as specific as possible — a vague transaction description is the most common source of later disputes about which deals the agreement applies to.",{"step":342,"title":343,"description":344,"tip":345},3,"Set the commission calculation basis","Enter the total commission rate or amount as defined in the principal agreement with the client or payer. Confirm whether the split is calculated on gross commission income before or after brokerage deductions.","Clarify this with both parties before filling it in — 'gross' versus 'net' commission can represent a significant dollar difference on high-value deals.",{"step":347,"title":348,"description":349,"tip":350},4,"Enter split percentages for each party","Assign each party's percentage share and confirm the total adds up to exactly 100%. Set the payment deadline — typically 5–10 business days after the paying party receives the commission.","Add a payment method instruction (wire transfer details, check payable to) to avoid delays caused by unclear remittance instructions.",{"step":352,"title":353,"description":354,"tip":355},5,"Define attribution and eligibility conditions","Write specific, observable conditions each party must meet to earn their full share — for example, 'must attend all client meetings' or 'must complete underwriting review.' Add a forfeiture or pro-rata reduction clause for parties who withdraw early.","Tie eligibility to documented activities, not subjective effort — 'introduced the client in writing' is easier to verify than 'contributed significantly.'",{"step":357,"title":358,"description":359,"tip":360},6,"Complete the tax and reporting section","Confirm which party will issue the 1099-NEC, T4A, or equivalent and what threshold triggers reporting in the applicable jurisdiction. Each party should consult their own accountant about their specific tax obligations.","In the US, the 1099-NEC threshold is $600 per year per payee — even small splits can trigger a reporting obligation.",{"step":362,"title":363,"description":364,"tip":365},7,"Set dispute resolution and clawback terms","Choose a dispute resolution sequence — written notice, then mediation, then arbitration. Add a clawback period appropriate to the deal type: 90 days for real estate, 12 months for insurance policies subject to lapse.","Name a specific arbitration provider (AAA or JAMS) and city — leaving these blank forces another negotiation at exactly the moment a dispute is most contentious.",{"step":367,"title":368,"description":369,"tip":370},8,"Sign before the deal closes","Both parties must sign — and date — the agreement before the transaction closes or the commission is paid. Electronic signatures are valid in most jurisdictions under ESIGN and eIDAS.","Store the fully executed agreement with your deal file — if a commission dispute reaches arbitration, the signed document is your primary evidence.",[372,376,380,384,388,392],{"mistake":373,"why_it_matters":374,"fix":375},"Agreeing verbally and signing after closing","A verbal commission split is nearly impossible to enforce once money has changed hands. Courts and arbitrators treat a signed document as the authoritative record of what was agreed.","Execute the written agreement before the transaction closes and before any commission payment is made or received.",{"mistake":377,"why_it_matters":378,"fix":379},"Leaving the transaction description vague","A description like 'any deals we work together' can be read to cover future transactions the parties never intended to share, leading to claims on unrelated commissions.","Identify the specific deal by property address, client name, or transaction ID — and include a clause stating the agreement does not automatically extend to future transactions.",{"mistake":381,"why_it_matters":382,"fix":383},"No forfeiture clause for early withdrawal","If a party stops contributing to the deal mid-process and there is no reduction or forfeiture clause, they may still claim their full share at closing.","Add a clause specifying that a party who withdraws before a defined milestone — such as executed purchase agreement or policy issuance — receives a reduced or forfeited share.",{"mistake":385,"why_it_matters":386,"fix":387},"Ignoring tax reporting obligations","Failing to issue required 1099-NEC or T4A forms can result in penalties for the paying party and under-reporting liability for the recipient — even if the split amount seems small.","Include a tax clause specifying who issues the reporting form, and have each party acknowledge they are responsible for their own tax filings on their share.",{"mistake":389,"why_it_matters":390,"fix":391},"Splitting net commission without defining what 'net' means","One party may deduct brokerage desk fees, E&O insurance, and transaction coordinator costs before calculating the split, while the other expected a split of the gross figure.","Define 'commission' precisely — state whether the split is calculated on gross commission income before any deductions, or on a specific net figure with all deductions itemized.",{"mistake":393,"why_it_matters":394,"fix":395},"No entire-agreement clause","Without one, email threads, text messages, and verbal discussions about a different split ratio can be introduced as evidence in a dispute — overriding the written document.","Include a standard entire-agreement clause confirming the written document supersedes all prior oral or written representations about the commission split on this transaction.",[397,400,403,406,409,412,415,418,421],{"question":398,"answer":399},"What is a commission split agreement?","A commission split agreement is a legally binding contract between two or more producers — such as real estate agents, sales representatives, or brokers — that specifies how a commission earned on a shared transaction is divided. It documents each party's role, their percentage share, when payment is due, and what happens if the deal falls through or a party withdraws before closing.\n",{"question":401,"answer":402},"When should a commission split agreement be signed?","It should be signed before the transaction closes and ideally before either party begins substantive work on the deal. Signing after closing — or after the commission has already been paid — significantly weakens enforceability, because courts may find that one party gave nothing new in exchange for the promise. Early execution eliminates ambiguity about who agreed to what and when.\n",{"question":404,"answer":405},"Does a commission split agreement need to be in writing to be enforceable?","In most jurisdictions, verbal commission agreements are legally valid but practically unenforceable — they devolve into one party's word against the other's. In real estate, many state and provincial regulators require written co-brokerage agreements as a licensing condition. A signed written agreement is always the safer choice, regardless of jurisdiction.\n",{"question":407,"answer":408},"How are commission splits typically structured?","The most common structure is a percentage split of the gross commission income — for example, 50/50 for equal contributors or 70/30 when one party did the majority of the work. Referral arrangements often use a flat percentage of GCI (commonly 20–30%) paid to the referring party. The split ratio should reflect each party's actual contribution to closing the deal.\n",{"question":410,"answer":411},"Who is responsible for paying taxes on a split commission?","Each party is generally responsible for reporting and paying taxes on their own share of the commission. In the US, the paying party must issue a Form 1099-NEC to the recipient if the amount equals or exceeds $600 in a calendar year. In Canada, a T4A is required above the applicable threshold. The agreement should explicitly allocate reporting obligations to avoid confusion at tax time.\n",{"question":413,"answer":414},"What happens if a deal falls through after commission is paid?","Without a clawback clause, there is no automatic obligation for a party to return a commission they have already received if the underlying deal collapses. A well-drafted agreement includes a clawback period — typically 60–90 days for real estate and up to 12 months for insurance — during which paid commissions must be returned if the transaction is reversed or cancelled.\n",{"question":416,"answer":417},"Can a commission split agreement cover multiple transactions?","Yes, but it is generally advisable to execute a separate agreement for each transaction, or to use a master agreement that explicitly lists each covered deal in a schedule. An open-ended agreement covering all future transactions between two parties can create unintended obligations and disputes about which deals are included.\n",{"question":419,"answer":420},"Do real estate agents need brokerage approval for a commission split agreement?","In most jurisdictions, commissions must be paid to the agent's licensed brokerage rather than directly to the individual agent, and the brokerage must be party to or acknowledge any inter-agent or inter-brokerage split arrangement. Agents should confirm their brokerage's policy and any regulatory requirements before signing a split agreement directly with another individual.\n",{"question":422,"answer":423},"Is a commission split agreement different from a referral fee agreement?","Yes. A commission split agreement divides a commission between two or more active producers who both contribute work on the same transaction. A referral fee agreement pays a set percentage to a party who introduces a client or opportunity but plays no further role in the transaction. The distinction matters for licensing purposes — referral fees to unlicensed individuals are prohibited in real estate in most US states and Canadian provinces.\n",[425,429,433,437],{"industry":426,"icon_asset_id":427,"specifics":428},"Real Estate","industry-real-estate","Co-brokerage splits between buyer and seller agents, referral splits for out-of-area client introductions, and team-member splits within a single brokerage all require documented agreements to satisfy state and provincial licensing boards.",{"industry":430,"icon_asset_id":431,"specifics":432},"Insurance","industry-insurance","Commission splits on jointly written policies must address trailing or renewal commissions, policy lapse clawbacks, and the requirement to report splits to the appointing insurer in many jurisdictions.",{"industry":434,"icon_asset_id":435,"specifics":436},"Financial Services","industry-fintech","Broker-dealer and RIA commission sharing arrangements must comply with FINRA Rule 2040 in the US, which restricts payments to non-registered persons, making the eligibility and licensing clause in the agreement critical.",{"industry":438,"icon_asset_id":439,"specifics":440},"Sales and Distribution","industry-sales","Manufacturer's reps and independent distributors splitting territory commissions need clear attribution rules defining which party owns each account relationship and how house accounts are treated.",[442,445,447,449],{"vs":232,"vs_template_id":443,"summary":444},"sales-commission-agreement-D12728","A sales commission agreement governs how a company pays its own sales employees or agents — it is a vertical arrangement between employer and producer. A commission split agreement is a horizontal arrangement between two or more producers dividing a commission they jointly earned. Use a sales commission agreement to structure compensation; use a split agreement to divide a specific commission between collaborating parties.",{"vs":86,"vs_template_id":229,"summary":446},"A referral fee agreement pays a fixed or percentage fee to a party who introduces a client but performs no further work on the transaction. A commission split agreement applies when both parties actively contribute to working and closing the deal. The distinction matters legally — referral fees to unlicensed individuals are prohibited in real estate in most jurisdictions, while split agreements require both parties to be licensed.",{"vs":100,"vs_template_id":240,"summary":448},"An independent contractor agreement defines the overall working relationship between a company and a self-employed producer, including how commissions are earned and paid over time. A commission split agreement is a deal-specific document that applies to one transaction or a defined set of transactions. For a producer working multiple deals over time, you typically need both — the contractor agreement as the governing framework and individual split agreements for each deal.",{"vs":115,"vs_template_id":450,"summary":451},"partnership-agreement-D181","A partnership agreement creates an ongoing legal business entity with shared profits, liabilities, and management rights. A commission split agreement is transactional — it governs revenue sharing on one specific deal without creating any ongoing business entity or shared liability. If two producers intend to collaborate systematically on all future deals rather than deal by deal, a partnership or joint venture agreement is the more appropriate structure.",{"use_template":453,"template_plus_review":457,"custom_drafted":461},{"best_for":454,"cost":455,"time":456},"Standard splits between two licensed producers on a single residential or SMB transaction","Free","15–30 minutes",{"best_for":458,"cost":459,"time":460},"Splits involving multiple parties, complex attribution rules, clawback provisions, or producers in different jurisdictions","$200–$500","1–3 days",{"best_for":462,"cost":463,"time":464},"High-value commercial transactions, recurring multi-deal arrangements, regulated financial services, or disputes requiring retroactive documentation","$800–$2,500+","1–2 weeks",[466,471,476,481],{"code":467,"name":468,"flag_asset_id":469,"note":470},"us","United States","flag-us","Real estate commission splits must generally flow through each agent's licensed brokerage — direct agent-to-agent payments without brokerage involvement violate licensing rules in most states. FINRA Rule 2040 prohibits broker-dealers from sharing commissions with unregistered persons. State-specific statutes (e.g., California Business & Professions Code §10137) govern who may receive a real estate commission; confirm the recipient is licensed in the state where the property is located. The IRS requires a Form 1099-NEC for commission payments of $600 or more per year to non-employees.",{"code":472,"name":473,"flag_asset_id":474,"note":475},"ca","Canada","flag-ca","Each province regulates real estate separately — RECA in Alberta, RECO in Ontario, and RECBC in British Columbia each set their own co-brokerage and referral fee rules. Commission payments must generally be made through the registrant's brokerage, not directly between agents. CRA requires a T4A slip for commission income paid to non-employees above $500 in a calendar year. Quebec contracts must be in French for provincially regulated real estate transactions.",{"code":477,"name":478,"flag_asset_id":479,"note":480},"uk","United Kingdom","flag-uk","The Estate Agents Act 1979 and Consumer Protection from Unfair Trading Regulations 2008 govern commission disclosure obligations in residential property transactions. Commission split arrangements between agents must not create undisclosed conflicts of interest that disadvantage the client. FCA-regulated financial advisers splitting product commissions must comply with the Retail Distribution Review rules, which restrict commission structures on certain investment products. All commission income is taxable as trading income and must be reported to HMRC.",{"code":482,"name":483,"flag_asset_id":484,"note":485},"eu","European Union","flag-eu","Commission sharing practices vary significantly by member state — Germany, France, and Spain each have distinct real estate and financial services licensing frameworks that affect who may legally receive a split commission. MiFID II restricts inducements (including commission sharing) in investment services across the EU; any split arrangement involving financial instruments must satisfy the inducement rules or qualify as a minor non-monetary benefit. GDPR requires careful handling of client data shared between co-agents or co-brokers as part of a split arrangement, including a documented basis for any data transfer.",[233,229,240,487,488,489,490,491,492,493,494,495],"partnership-agreement-D12551","joint-venture-agreement-D889","non-disclosure-agreement-nda-D12692","service-agreement-D12711","consulting-agreement---long-D12543","letter-of-intent_acquisition-of-business-D5197","secured-installment-note-D440","employment-agreement_at-will-employee-D541","general-non-compete-agreement-D882",{"emit_how_to":187,"emit_defined_term":187},{"primary_folder":94,"secondary_folder":498,"document_type":499,"industry":500,"business_stage":501,"tags":502,"confidence":508},"partnerships-and-joint-ventures","agreement","general","all-stages",[503,504,505,506,507],"partnership","contract","commission-split","sales-agreement","payment-terms",0.92,"\u003Ch2>What is a Commission Split Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Commission Split Agreement\u003C/strong> is a legally binding contract between two or more producers — real estate agents, sales representatives, insurance brokers, or mortgage brokers — that defines how a commission earned on a jointly worked transaction is divided. It specifies each party's role and contribution, the exact percentage or dollar amount each receives, when payment is made, how attribution is determined if contributions are unequal, and what happens if the deal falls through after commission is paid. Without this document, even the most straightforward co-brokerage or referral arrangement is governed by nothing more than memory and goodwill — two things that reliably fail once real money is at stake.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Commission disputes are among the most common and most damaging conflicts between producers, and the vast majority arise not from bad faith but from terms that were never written down. A verbal agreement about a 50/50 split becomes a 70/30 argument the moment one party feels they did more of the work. Without a signed document, there is no authoritative record of what was agreed — only competing accounts that arbitrators and courts find equally credible and equally inconclusive. Beyond the split itself, an undocumented arrangement leaves both parties exposed on tax reporting, creates no obligation to return funds if the deal collapses, and provides no mechanism for resolving attribution disputes before they escalate. This template closes all of those gaps in a single document, executed before any commission changes hands, so both parties can focus on closing the deal rather than litigating the aftermath.\u003C/p>\n",1778773476765]