51Ƶ

Commission Guarantee Agreement Template for Singapore

A Commission Guarantee Agreement under Singapore law is a legal instrument that provides security for commission payments by having a third party (guarantor) guarantee the payment obligations. The agreement, governed by Singapore's contract and commercial laws, establishes the terms under which the guarantor will ensure commission payments are made to the beneficiary if the principal party fails to pay. It includes specific provisions for calculation methods, payment schedules, and enforcement mechanisms while adhering to Singapore's robust financial and regulatory framework.

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 Guarantee Agreement?

The Commission Guarantee Agreement serves as a risk mitigation tool in commercial relationships where commission payments are critical to business operations. This document, structured under Singapore law, becomes essential when parties seek additional security for commission-based transactions, particularly in high-value deals or where there's significant reliance on commission income. The agreement typically outlines the scope of the guarantee, trigger events, calculation methodologies, and enforcement mechanisms. It's particularly relevant in Singapore's business environment where commission-based arrangements are common in various sectors including real estate, financial services, and insurance. The agreement provides clarity on obligations and offers legal protection while ensuring compliance with Singapore's regulatory framework.

What sections should be included in a Commission Guarantee Agreement?

1. Parties: Identification and details of the guarantor and beneficiary

2. Background: Context of the commission arrangement and reason for guarantee

3. Definitions: Key terms used throughout the agreement

4. Guarantee Obligations: Scope and extent of the guarantee commitment

5. Commission Structure: Details of commission calculation and payment terms

6. Duration: Term of the guarantee agreement

7. Enforcement: Mechanisms for enforcing the guarantee

8. Governing Law: Specification of Singapore law as governing law

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

1. Performance Conditions: Specific conditions that trigger commission payments - used when commission is performance-based

2. Security Provisions: Additional security measures - used when additional security is required

3. Assignment: Rights to assign the agreement - used when assignment rights are relevant

4. Force Majeure: Provisions for unforeseen circumstances - used for long-term or high-value guarantees

What schedules should be included in a Commission Guarantee Agreement?

1. Commission Calculation Schedule: Detailed methodology for calculating commissions

2. Performance Metrics: Specific targets or KPIs related to commission earning

3. Payment Schedule: Timing and method of commission payments

4. Form of Demand: Template for making claims under the guarantee

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

Singapore

Publisher

Genie AI

Sector

Sales

Cost

Free to use

Find the exact document you need

Salesperson Employment Contract

A Singapore-compliant employment agreement for sales professionals, covering compensation, targets, and employment terms under Singapore law.

Download

Employee Commission Agreement

A Singapore-law governed agreement establishing commission-based compensation terms between employer and employee, compliant with local employment regulations.

Download

Commercial Commission Contract

A Singapore-law governed agreement establishing terms for commission-based business relationships between principals and agents.

Download

Commission Agreement For Sale Of Goods

A Singapore-law governed agreement establishing commission-based terms between a principal and agent for the sale of goods.

Download

Artwork Commission Agreement

A Singapore-law governed agreement establishing terms and conditions for commissioned artwork creation, including specifications, payment, and rights transfer.

Download

Broker Contract Commission

A Singapore-governed agreement establishing broker commission terms and payment structures in compliance with local financial regulations.

Download

Property Commission Agreement

A Singapore-governed agreement establishing commission terms and conditions between property owners and real estate agents, regulated by the Estate Agents Act.

Download

Project Commission Agreement

A Singapore-law governed agreement establishing terms and conditions for commissioned project work between parties.

Download

Business Development Commission Agreement

A Singapore-law agreement establishing terms for commission-based business development services.

Download

Commission Trust Agreement

A Singapore-governed agreement establishing a trust arrangement with commission-based compensation structures, combining trust administration with specific commission payment provisions.

Download

Sponsorship Commission Agreement

A Singapore-law governed agreement defining commission terms and conditions for securing sponsorship arrangements.

Download

Intermediary Commission Agreement

A Singapore law-governed agreement establishing commission terms between a principal and intermediary for specified business services.

Download

Commission Draw Agreement

A Singapore-compliant agreement establishing terms for commission-based employment with regular draw payments against future earnings.

Download

Joint Venture Commission Agreement

A Singapore-governed agreement establishing terms for a joint venture with commission-based profit sharing arrangements.

Download

Broker Fee Contract

A Singapore-law governed agreement establishing broker compensation terms and service obligations.

Download

Commission Guarantee Agreement

A Singapore law-governed agreement where a guarantor ensures commission payments will be made to a beneficiary if the principal defaults.

Download

Fundraising Commission Agreement

A Singapore-law governed agreement establishing commission-based terms for fundraising services, including payment structure and compliance requirements.

Download

Consulting Commission Agreement

A Singapore-law governed agreement establishing terms for consulting services, including scope, payment, and professional relationship parameters.

Download

Referral Commission Agreement

A Singapore-law governed agreement establishing terms for referral services and commission payments between parties.

Download

Commission Contract Agreement

A legally binding agreement under Singapore law that establishes terms for commission-based work arrangements between principals and agents.

Download

Commission Share Agreement

A Singapore-law governed agreement establishing terms for sharing commission earnings between parties, including calculation methods and payment terms.

Download

Sales Representative Contract

A Singapore-law governed agreement establishing the relationship between a company and its sales representative, including commission terms and mutual obligations.

Download

Commercial Lease Commission Agreement

A Singapore-governed agreement establishing commission terms for commercial property leasing services between property owners and real estate agents.

Download

Exclusive Agency Agreement Commission

A Singapore law-governed agreement establishing exclusive agency rights and commission structures between Principal and Agent.

Download

Middleman Commission Agreement

A Singapore-law governed agreement establishing terms for intermediary services and commission arrangements between a principal and middleman.

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