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COMMISSIONAGREEMENT
EffectiveDate:[DD/MM/YYYY]
ContractNumber:COM-[XXXX]
InvoiceReference:INV-[XXXX]
PARTIES
PartyA(Principal):
FullLegalName:[InsertFullLegalName]
RegisteredAddress:[InsertRegisteredAddress]
ContactPerson:[Name]
Email:[EmailAddress]
Phone:[PhoneNumber]
PartyB(CommissionAgent):
FullLegalName:[InsertFullLegalName]
RegisteredAddress:[InsertRegisteredAddress]
ContactPerson:[Name]
Email:[EmailAddress]
Phone:[PhoneNumber]
WHEREASPartyAandPartyB(collectivelyreferredtoasthe"Parties")haveenteredintobusinesscooperation,andPartyAagreestopaycommissiontoPartyBfortheservicesrenderedinfacilitatingthetransactionsasspecifiedherein.
NOW,THEREFORE,inconsiderationofthemutualcovenantscontainedherein,thePartiesagreeasfollows:
1.BUSINESSTRANSACTIONDETAILS
1.1FirstTransaction(Fabric)
ProductDescription:[SpecifyFabricType,e.g.,CottonBlendFabric]
ContractQuantity:76,000meters
UnitPrice:FOB[PortName]USD7.45permeter
ContractTotalAmount:USD593,500.00
ActualTransactionAmount:USD531,622.55
RelevantContractReference:[InsertContractNumber]
1.2SecondTransaction(Men'sSuits)
ProductDescription:[SpecifySuitDetails,e.g.,WoolBlendMen'sSuits,SizeRange:S-XXL]
ContractQuantity:2,877units
UnitPrice:FOB[PortName]EUR40.60perunit
TotalTransactionAmount:EUR116,806.20
RelevantContractReference:[InsertContractNumber]
2.COMMISSIONTERMS
2.1CalculationBasis
Commissionshallbecalculatedbasedontheactualtransactionamountforthefirsttransactionandthetotaltransactionamountforthesecondtransaction,respectively.
2.2CommissionAmounts
FortheFabricTransaction:USD21,124.70
FortheMen'sSuitsTransaction:USD5,700.00
2.3CurrencyConversion(IfApplicable)
FortheMen'sSuitsTransaction,thecommissionamountinUSDiscalculatedusingtheexchangerateof[InsertExchangeRateSource]asof[DateofConversion].Anyfluctuationinexchangeratesafterthisdateshallnotaffecttheagreedcommissionamount.
3.PAYMENTTERMS
3.1PaymentMethod
PartyAshallremitthecommissiontoPartyBviaTelegraphicTransfer(T/T)tothefollowingbankaccount:
PartyB'sBankDetails:
BankName:[InsertBankName]
Branch:[InsertBranch]
AccountName:[InsertAccountName]
AccountNumber:[InsertAccountNumber]
SWIFTCode:[InsertSWIFTCode]
3.2PaymentTimeline
CommissionfortheFabricTransaction:Tobepaidwithin[Number]businessdaysuponPartyA'sreceiptoffullpaymentfromtheendbuyer.
CommissionfortheMen'sSuitsTransaction:Tobepaidwithin[Number]businessdaysfromthedateofshipmentofthegoods.
3.3PaymentConfirmation
PartyAshallprovidePartyBwithacopyoftheT/Treceiptimmediatelyafterinitiatingthepayment.PartyBshallacknowledgereceiptofthecommissionwithin2businessdaysoffundclearance.
4.REPRESENTATIONSANDWARRANTIES
PartyAwarrantsthatithasthelegalauthoritytoenterintothisAgreementandwillfulfillthecommissionpaymentobligationsasspecified.
PartyBwarrantsthatithasperformedthenecessaryservicestofacilitatethetransactions,andthecommissionclaimedisvalidandinaccordancewiththeParties'understanding.
5.DISPUTERESOLUTION
AnydisputearisingoutoforinconnectionwiththisAgreementshallfirstberesolvedthroughamicablenegotiationbetweentheParties.Ifnosettlementisreachedwithin30daysofthedisputearising,eitherPartymaysubmitthedisputetoarbitrationin[City,Country]inaccordancewiththerulesof[ArbitrationInstitution,e.g.,ICC].ThearbitralawardshallbefinalandbindingonbothParties.
6.MISCELLANEOUS
ThisAgreementconstitutestheentireunderstandingbetweenthePartiesconcerningthesubjectmatterhereinandsupersedesallpriororalorwrittenagreements.
AnymodificationtothisAgreementshallbevalidonlyifmadeinwritingandsignedbybothParties.
ThisAgreementshallbegovernedbythelawsof[GoverningLawJurisdiction,e.g.,EnglandandWales].
CONFIRMEDANDACCEPTEDBY
PartyA:
Authorize
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