The Commission Guarantee Agreement is essential in commercial relationships where there is a need to secure commission payments through a third-party guarantee. This document is commonly used in South Africa when there are concerns about the security of commission payments or when required by regulatory or commercial arrangements. The agreement typically includes detailed provisions on the guarantee mechanism, commission calculation methods, trigger events for guarantee calls, and compliance with South African banking and financial services regulations. It provides protection for commission recipients while establishing clear obligations for all parties involved. The document is particularly relevant in industries with significant commission-based transactions, such as real estate, insurance, and financial services, where the guarantee serves as a risk mitigation tool for parties relying on commission income.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the Guarantor, Principal (party paying commission), and Beneficiary
2. Background: Context of the agreement, underlying business relationship, and purpose of the guarantee
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Commission Structure: Detailed explanation of commission rates, calculation methods, and payment terms
5. Guarantee Terms: Scope, amount, and conditions of the guarantee
6. Payment Terms: Terms and conditions for commission payments, including timing and method
7. Obligations of the Principal: Duties and responsibilities of the party paying commission
8. Obligations of the Guarantor: Duties and responsibilities of the guarantor
9. Term and Termination: Duration of the agreement and circumstances for termination
10. Representations and Warranties: Legal assurances provided by each party
11. Default and Remedies: Events of default and available remedies
12. General Provisions: Standard legal clauses including notices, governing law, and jurisdiction
1. Security Provisions: Include when additional security is required to support the guarantee
2. Counter-Indemnity: Include when the Principal must indemnify the Guarantor
3. Step-In Rights: Include when the Guarantor needs rights to step into the Principal's position
4. Commission Adjustment Mechanism: Include when commission rates may vary based on specific triggers
5. Regulatory Compliance: Include when specific regulatory requirements need detailed coverage
6. Currency Provisions: Include for cross-border transactions involving multiple currencies
7. Force Majeure: Include when specific force majeure provisions are required
1. Commission Calculation Schedule: Detailed methodology and examples of commission calculations
2. Form of Demand: Template for making demands under the guarantee
3. Security Documents: List and copies of any security documents
4. Required Notices: Templates for various notices required under the agreement
5. Contact Details: Detailed contact information for all parties
6. Compliance Requirements: Specific regulatory and compliance requirements
7. Payment Schedule: Detailed payment dates and amounts if applicable
Find the exact document you need
Salary Plus Commission Agreement
A South African employment contract combining fixed salary with commission-based compensation, structured according to local labor laws.
Download
Draw Against Commission Agreement
A South African contract establishing terms for advanced payments against future sales commissions, compliant with local labor and financial regulations.
Download
Salesperson Employment Contract
A South African employment contract template for sales professionals, covering compensation, duties, and performance terms in accordance with local labor laws.
Download
Commission Only Contract
A South African law-compliant agreement establishing a commission-only compensation relationship between a principal and commission earner, defining terms, obligations, and performance metrics.
Download
Agreement Between Manufacturer And Commission Agent
A South African law-governed agreement establishing terms between a manufacturer and commission agent for product representation and sales.
Download
Override Commission Agreement
A South African law-governed agreement establishing override commission arrangements between a principal company and a managing agent or distributor.
Download
Vendor Commission Agreement
A South African law-governed agreement establishing terms for vendor commission arrangements, including payment structures and performance requirements.
Download
Software Sales Commission Agreement
A South African law-governed agreement establishing terms for software sales representatives, including commission structures and performance requirements.
Download
Introducer Agreement Commission
South African law-governed agreement establishing terms for client referrals and commission payments between an introducer and principal company.
Download
Joint Venture Commission Agreement
A South African law-governed agreement establishing a joint venture with commission-based compensation arrangements between partnering entities.
Download
Commission Guarantee Agreement
A South African law-governed agreement where a guarantor secures the payment of commissions owed between commercial parties.
Download
Independent Sales Rep Contract
A South African law-governed agreement establishing terms between a company and an independent sales representative, covering commission, territory rights, and compliance requirements.
Download
Commission Contract Agreement
A South African law-compliant agreement establishing terms and conditions for commission-based business relationships between principals and agents.
Download
Commission Share Agreement
A South African law-governed agreement establishing commission sharing terms and conditions between business parties.
Download
Sales Representative Contract
A South African law-compliant contract establishing the terms and conditions between a company and its sales representative, including commission structures and performance requirements.
Download
Middleman Commission Agreement
South African law-governed agreement establishing commission-based intermediary relationship between principal and middleman, defining authority scope and payment terms.
Download
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
.png)