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Singapore
Legal Ƶ
Sponsorship Commission Agreement

Sponsorship Commission Agreement Template for Singapore

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Key Requirements PROMPT example:

Sponsorship Commission Agreement

"I need a Sponsorship Commission Agreement for our sports agency to represent a professional tennis player, with a 15% commission structure on all sponsorship deals secured, and the agreement should start from January 2025 with an initial term of two years."

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What is a Sponsorship Commission Agreement?

The Sponsorship Commission Agreement is essential for businesses and individuals involved in securing and managing sponsorship arrangements in Singapore. This document type is particularly relevant when intermediaries, such as agents or brokers, are involved in facilitating sponsorship deals and require structured commission arrangements. The agreement ensures compliance with Singapore's legal framework while protecting the interests of all parties involved. It typically includes detailed commission structures, performance requirements, payment terms, and reporting obligations. The document is crucial for establishing clear expectations and avoiding potential disputes in sponsorship arrangements.

What sections should be included in a Sponsorship Commission Agreement?

1. Parties: Identification and details of the sponsor and sponsored party

2. Background: Context of the sponsorship arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Commission Structure: Details of commission rates, calculation methods, and payment terms

5. Payment Terms: Timing, method, and currency of commission payments

6. Obligations of Parties: Responsibilities and duties of each party

7. Term and Termination: Duration of agreement and termination conditions

What sections are optional to include in a Sponsorship Commission Agreement?

1. Performance Metrics: Specific targets or KPIs, use when commission is performance-based

2. Exclusivity Provisions: Include when parties agree to exclusive arrangements

3. International Payment Terms: Include for cross-border arrangements

4. Intellectual Property Rights: Include when sponsorship involves brand usage or IP rights

What schedules should be included in a Sponsorship Commission Agreement?

1. Commission Rate Card: Detailed breakdown of commission rates and tiers

2. Performance Metrics Schedule: Detailed KPIs and measurement criteria

3. Payment Schedule: Timeline and details of commission payments

4. Reporting Template: Standard format for performance and commission reports

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Industries

Contract Act 1872: Primary legislation governing contract formation, execution, and enforcement in Singapore. Covers basic principles of offer, acceptance, consideration, and contractual obligations.

Electronic Transactions Act: Regulates electronic contracts and digital signatures, providing legal recognition and enforcement of electronic transactions.

Competition Act: Ensures fair competition and prevents anti-competitive practices in business agreements and arrangements.

Companies Act: Regulates corporate entities in Singapore, relevant when parties to the agreement are registered companies.

Agency Law Principles: Common law principles governing agency relationships, particularly relevant for commission-based agreements.

Income Tax Act: Governs taxation of income, including commission payments and business revenue.

Goods and Services Tax Act: Regulates GST obligations on commercial transactions and services.

Payment Services Act 2019: Regulates payment systems and payment service providers in Singapore.

Advertising Standards Authority of Singapore Guidelines: Sets standards for advertising and promotional activities in Singapore.

Broadcasting Act: Regulates broadcasting and media services if sponsorship involves media content.

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in Singapore.

Prevention of Corruption Act: Anti-corruption legislation preventing bribery and corrupt practices in business dealings.

Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices if agreement affects consumers.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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