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1. Parties: Identification of the broker and the principal company entering into the agreement
2. Background: Context of the agreement, nature of the business relationship, and basic premises
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Appointment and Scope: Formal appointment of the broker and detailed scope of services to be provided
5. Term and Termination: Duration of the agreement, renewal provisions, and circumstances for termination
6. Broker Services and Obligations: Detailed description of services to be provided and broker's responsibilities
7. Commission Structure: Basic commission rates, calculation methods, and payment terms
8. Payment Terms: Timing of payments, invoicing requirements, and payment procedures
9. Compliance and Regulatory Requirements: Obligations regarding licenses, permits, and regulatory compliance
10. Confidentiality: Protection of confidential information and trade secrets
11. Representations and Warranties: Standard warranties about capacity, authority, and compliance
12. Reporting and Records: Requirements for maintaining records and providing reports
13. Dispute Resolution: Process for handling disputes between parties
14. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Non-Compete and Non-Solicitation: Restrictions on competitive activities, used when protecting client relationships is crucial
2. Intellectual Property: IP ownership and usage rights, included when branded materials or proprietary systems are involved
3. Insurance Requirements: Specific insurance obligations, included for high-value or high-risk transactions
4. Performance Targets: Minimum performance requirements, included when specific targets are part of the arrangement
5. Training and Support: Details of training provided to broker, included when principal provides significant support
6. Marketing and Branding: Guidelines for using principal's brand, included when broker represents the principal's brand
7. Data Protection: Specific data handling requirements, included when dealing with sensitive customer data
8. Force Majeure: Provisions for unforeseen circumstances, included for longer-term agreements
1. Schedule 1 - Commission Rates and Calculations: Detailed breakdown of commission structures, including different product types or client categories
2. Schedule 2 - Approved Products or Services: List of products or services the broker is authorized to sell or promote
3. Schedule 3 - Territory or Client Allocation: Definition of geographical areas or client segments assigned to the broker
4. Schedule 4 - Reporting Ƶ: Standard forms and templates for regular reporting requirements
5. Schedule 5 - Service Level Requirements: Detailed performance metrics and service standards
6. Appendix A - Compliance Procedures: Detailed compliance requirements and procedures
7. Appendix B - Document Checklist: List of required documentation for transactions
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