THIS FEE SHARING AGREEMENT is entered into on 20 November 2024
Between
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Servicer)
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Referrer)
Whereas
The parties agree that the Servicer will share its fees with the Referrer, in consideration for the Referrer referring clients to Servicer.
It is agreed as follows:
1. Interpretation
Definitions
"Agreement" means any agreement made subject to the terms and conditions below;
"Excluded Persons" means existing clients of the Servicer or potential clients who have already approached the Servicer to negotiate terms of the Services. Excluded Persons also include their affiliates;
"Services" means SERVICES to be carried out by the Servicer;
"Service Fees" means in relation to any Services, the fees charged by the Servicer to the client, less:
whether or not such items are separately invoiced;
2. Referral Term
For a period of TERM months after the date hereof (the "Term"), or as subsequently extended by the Servicer and the Referrer in writing, the Servicer engages the Referrer on an EXCLUSIVE basis, to source independent third party clients to its Services, and the Referrer accepts the Servicer's engagement.
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