COMMISSION AGREEMENT.
This Commission Agreement (hereinafter referred to as the “Agreement”) is entered
into on this ________ day of __________ 20__by and between XXX,
LLC
(Hereinafter referred to as the “Referee”), and REVISE HOMES (hereinafter referred
to as the “Estate Agent”). Together referred to as “parties.”
WHEREAS the parties agree to be mutually bound by the terms and obligations
provided hereunder; –
1. Purpose.
Parties agree that the Referee is a design company whose program is to set up so
that if a buyer comes to them, they will match/link them with an Estate Agent, and
then when they purchase a home, the Referee will work with them for free to
design/renovate the home.
2. Term.
The parties agree that the provisions of this agreement shall be indefinite until
otherwise terminated by either party as provided in this agreement.
3. Payment.
The parties agree that the Referee shall be compensated a finder’s fee of 15% of the
3% buyer’s agent commission (or 45% of the sale price), or a $1000 flat fee,
whichever is greater.
The Referee shall send an invoice once a sale on a home is closed, requiring a 30
days net payment.
Parties herein agree and acknowledge that the finder’s fees paid to the Referee shall
enable them to provide the services for designing and renovating once the home is
purchased.
4. Dispute Resolution.
If there arises any dispute regarding the provisions of this agreement, the same shall
be negotiated in the first instance between the parties; if it fails, the argument shall
be taken to litigation in accordance with the applicable laws.
The parties shall cater for their legal costs.
5. Termination.
Either party to this agreement may terminate the terms herein at any moment without
the issuance of a notice or any reason as long as there is no active agent. However,
the Referee’s grounds for terminating this agreement may include but are not limited
to the following; –
i. Bad relationship
ii. Failure to make payments.
6. Non-Disclosure.
The parties acknowledge that during the performance of their obligations under this
agreement, they will come into contact with confidential information, trade secrets,
and intellectual property to which they acknowledge and agree not to disclose to any
third parties without the prior written consent from the other party.
7. Governing Law.
The State of California laws shall govern the terms and provisions of this agreement.
8. Modification.
The parties herein may only modify or amend the terms herein by the same being
reduced into writing and signed by both parties willingly.
9. Waiver.
The parties agree that no waiver of the rights under this agreement shall be
construed as a continuing waiver or as a consent to any future or subsequent
breaches.
10. Entire Agreement.
This agreement constitutes the entire agreement between the parties herein and
supersedes any prior oral or written agreements or promises.
11. Severability.
Suppose any provision of this agreement is deemed invalid or unenforceable by a
court of competent jurisdiction. In that case, the same shall be severed from this
agreement, and the remaining provisions shall continue in existence and full force
and effect.
12. Acceptance.
By the parties signing herein below, they accept to be legally bound by the terms and
provisions of this agreement.
By the Referee: –
Name:
_____________________________
Designation:
________________________
Signature:
__________________________
Date:
______________________________
By the Estate Agent: –
Name:
_____________________________
Designation:
________________________
Signature:
__________________________
Date:
______________________________
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