Disclaimer
The content provided is intended solely as a general example for informational purposes related to fee arrangements in brokerage transactions within the United Kingdom. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample Commission Agreement UK template, provided for illustrative purposes only. Actual terms may vary depending on specific arrangements and applicable UK laws.
Commission Agreement UK Sample
Parties Involved:
Commissioner: ABC Ltd.
Address: 123 King Street, London, SW1A 1AA
Recipient: XYZ Contractor
Address: 45 Baker Street, London, NW1 6XE
Work Description:
This agreement pertains to the provision of [specific service or work], located at [address or description of the project], as outlined in subsequent negotiations.
Commission Terms:
The recipient shall be entitled to a commission of [percentage]% of the total agreed payment, payable upon completion and approval of the work, unless otherwise specified herein.
Parties’ Responsibilities:
The recipient commits to performing the work diligently, in accordance with UK law and professional standards, and in a timely manner.
Governing Law:
This agreement shall be governed by the laws of England and Wales. Any disputes shall be resolved within the courts of London.
Additional Provisions:
- The parties agree to keep all confidential information shared during the course of this agreement.
- This agreement can only be amended in writing signed by both parties.
- Payments shall be made within 30 days of invoice receipt following the satisfactory completion of work.
London, ______________________
John Smith (Commissioner)
Jane Doe (Recipient)
