51Ƶ

Commission Share Agreement for Malaysia

Commission Share Agreement Template for Malaysia

A legally binding agreement governed by Malaysian law that establishes the terms and conditions for sharing commission between two or more parties. This document outlines the commission calculation methodology, payment terms, performance expectations, and obligations of all parties involved. It incorporates relevant provisions from Malaysian legislation, including the Contracts Act 1950 and Employment Act 1955, ensuring compliance with local legal requirements while protecting the interests of all parties involved in the commission arrangement.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Commission Share Agreement?

This Commission Share Agreement is designed for use in the Malaysian business environment where parties wish to formalize their commission-based business relationship. It is particularly relevant for arrangements where one party agrees to pay commission to another party for services such as sales, referrals, or business development. The document ensures compliance with Malaysian legal requirements, including the Contracts Act 1950, Employment Act 1955, and relevant tax regulations. It provides a comprehensive framework for commission calculations, payment terms, performance standards, and dispute resolution mechanisms, while addressing specific Malaysian market practices and business customs.

What sections should be included in a Commission Share Agreement?

1. Parties: Identification of all parties to the agreement, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, business relationship between parties, and purpose of the commission sharing arrangement

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules for interpreting the agreement

4. Commission Structure: Detailed explanation of how commission is calculated, including rates, tiers, and any variations

5. Payment Terms: Timeline and method of commission payments, including currency, payment schedule, and payment methods

6. Obligations of the Principal: Responsibilities of the party paying the commission, including reporting, calculation, and payment obligations

7. Obligations of the Agent/Partner: Duties and responsibilities of the commission recipient, including performance requirements and reporting obligations

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Protection of confidential information shared between parties

10. Dispute Resolution: Process for resolving disagreements, including jurisdiction and governing law

11. General Provisions: Standard legal clauses including notices, amendments, assignment, and severability

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

1. Non-Compete: Restrictions on competitive activities, used when parties want to prevent competition during and after the agreement

2. Territory Restrictions: Geographic limitations on where commission can be earned, used for territorial-based arrangements

3. Performance Targets: Specific goals or targets that must be met to earn commission, used in performance-based arrangements

4. Audit Rights: Right to audit commission calculations and relevant records, used in high-value or complex arrangements

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term arrangements

6. Intellectual Property: Protection of IP rights, used when the arrangement involves branded products or services

7. Training and Support: Details of any training or support provided, used in arrangements where specific skills are required

What schedules should be included in a Commission Share Agreement?

1. Commission Rates Schedule: Detailed breakdown of commission rates, including any variations based on product type, volume, or other factors

2. Product/Service List: List of products or services covered by the commission arrangement

3. Calculation Examples: Examples showing how commission will be calculated in different scenarios

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

5. Territory Map: If applicable, maps or descriptions of territories covered by the agreement

6. Performance Metrics: Detailed KPIs and measurement criteria for performance-based commission

7. Administrative Procedures: Step-by-step procedures for commission reporting, calculation, and payment processing

Authors

Alex Denne

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

Jurisdiction

Malaysia

Publisher

Genie AI

Sector

Sales

Cost

Free to use

Find the exact document you need

Commission Employment Contract

A Malaysian law-compliant employment agreement establishing terms for commission-based compensation and related employment conditions.

Download

Business Commission Agreement

A Malaysian-law governed agreement establishing commission-based business relationships between principals and agents, detailing compensation structure and mutual obligations.

Download

Salesperson Employment Contract

A comprehensive employment contract template for sales professionals in Malaysia, incorporating commission structures and sales-specific terms in compliance with Malaysian employment law.

Download

Partnership Commission Agreement

A Malaysian law-governed agreement establishing terms and conditions for commission-based partnerships, including payment structures and operational frameworks.

Download

Sales Commission Letter To Employees

A Malaysian-compliant letter detailing sales commission terms and conditions for employees, including calculation methods, payment terms, and performance criteria.

Download

Commission Trust Agreement

A Malaysian law-governed agreement establishing a trust structure with integrated commission arrangements, defining relationships between trustees, settlors, beneficiaries, and commission agents.

Download

Commission Based Consulting Agreement

Malaysian-law governed agreement establishing a commission-based consulting relationship, defining service terms and compensation structure.

Download

Joint Venture Commission Agreement

A Malaysian law-governed agreement establishing a joint venture with commission-based compensation structures between partnering entities.

Download

Consulting Commission Agreement

A Malaysian law-governed agreement establishing commission-based consulting services between a consultant and client, outlining service terms and compensation structure.

Download

Referral Commission Agreement

A Malaysian law-governed agreement establishing terms for business referrals and commission payments between a company and its referral partners.

Download

Independent Sales Rep Contract

A Malaysian law-governed agreement establishing terms and conditions between a company and an independent sales representative, defining sales rights, commissions, and contractor status.

Download

Commission Pay Agreement

A Malaysian law-governed agreement establishing commission-based compensation terms between employer and employee, including payment structure and performance requirements.

Download

Commission Contract Agreement

A Malaysian law-governed agreement establishing commission-based business relationships between principals and agents, defining payment terms and mutual obligations.

Download

Commission Based Employment Contract

A Malaysian law-governed employment contract establishing terms for commission-based compensation and performance metrics.

Download

Independent Contractor Sales Commission Agreement

Malaysian-law governed agreement establishing terms and conditions for independent sales contractors, including commission structure and performance requirements.

Download

Commission Split Agreement

A Malaysian law-governed agreement that establishes terms for sharing commission earnings between parties, including payment structures and obligations.

Download

Commission Share Agreement

A Malaysian law-governed agreement establishing commission sharing terms and conditions between parties.

Download

Sales Representative Contract

A Malaysian law-governed agreement establishing terms and conditions between a company and its sales representative, including appointment, commission, and obligations.

Download

Exclusive Agency Agreement Commission

A Malaysian law-governed agreement establishing an exclusive agency relationship with commission structure and territorial rights.

Download

Middleman Commission Agreement

A Malaysian law-governed agreement establishing terms and conditions for middleman services, including commission structures and performance requirements.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it