Commission sharing agreement - 2 agents

Document Summary

This commission sharing agreement establishes a contractual relationship between a main agent and a sub-agent whereby the main agent agrees to share part of his commission stipulated under the main contract with the sub-agent in consideration of certain works that will be carried out by the sub-agent on behalf of the main agent.

Description

The sub-agent must ensure that the main agent is authorized under the main contract or under a written permission granted by the client to delegate to others the work assigned to him by the client.

This agreement contains the following sections:

1. Preamble
2. Appointment
3. Payment
4. Confidentiality
5. Release of Claims
6. Term
7. Assignment
8. Indemnity
9. Notices
10. No Waiver
11. Variation
12. Severability
13. Entire Agreement
14. Counterparts
15. Language
16. Governing Law and Jurisdiction

Jurisdiction

This document is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.