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    Fee Protection Agreement

    Uploaded by

    ambrosiust
    This document outlines a fee protection agreement between two parties for the sale of a product. [1] The seller guarantees payment of a commission to the beneficiary once the transaction described in the contract is completed and funds are received. [2] The commission amount is specified as USD (amount) per metric ton to be paid from the contract and any future contracts. [3] The commission will be paid to the beneficiary's bank account after the contracted product value is received by the seller. [4] The agreement includes non-circumvention and non-disclosure clauses, and disputes will be settled by arbitration.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Fee Protection Agreement

    Uploaded by

    ambrosiust
    467 views3 pages
    This document outlines a fee protection agreement between two parties for the sale of a product. [1] The seller guarantees payment of a commission to the beneficiary once the transaction described in the contract is completed and funds are received. [2] The commission amount is specified as USD (amount) per metric ton to be paid from the contract and any future contracts. [3] The commission will be paid to the beneficiary's bank account after the contracted product value is received by the seller. [4] The agreement includes non-circumvention and non-disclosure clauses, and disputes will be settled by arbitration.

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    Fee Protection Agreement

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    This document outlines a fee protection agreement between two parties for the sale of a product. [1] The seller guarantees payment of a commission to the beneficiary once the transaction described in the contract is completed and funds are received. [2] The commission amount is specified as USD (amount) per metric ton to be paid from the contract and any future contracts. [3] The commission will be paid to the beneficiary's bank account after the contracted product value is received by the seller. [4] The agreement includes non-circumvention and non-disclosure clauses, and disputes will be settled by arbitration.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    467 views3 pages

    Fee Protection Agreement

    Uploaded by

    ambrosiust
    This document outlines a fee protection agreement between two parties for the sale of a product. [1] The seller guarantees payment of a commission to the beneficiary once the transaction described in the contract is completed and funds are received. [2] The commission amount is specified as USD (amount) per metric ton to be paid from the contract and any future contracts. [3] The commission will be paid to the beneficiary's bank account after the contracted product value is received by the seller. [4] The agreement includes non-circumvention and non-disclosure clauses, and disputes will be settled by arbitration.

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    © All Rights Reserved
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    FEE PROTECTION AGREEMENT No. ……….

    394174877.doc394174877.doc
    Between

    (Insert Address)

    Represented by (Insert Name)

    AND

    (Insert Address)

    Represented by (Insert Name)

    1. The Seller guarantees in full responsibility, to pay the commission as described


    below, as soon as the below exactly described transaction is successfully finalized. The
    payments will be effected according to the partial shipments and payments thereof.

    2. REASON OF THE COMMISSION-AGREEMENT

    CONTRACT No.
    SELLER:
    BUYER:
    PRODUCT:
    QUANTITY:
    CONTRACT PRICE:

    3. COMMISSION

    The sales-price includes a commission in total of USD (Insert Commission Fee as


    Number) (Dollar (Insert Commission Fee as Writing)) per metric ton for the above
    beneficiary. This commission is agreed on the above contract and all following, new
    contracts or rollovers, if no new agreement replaces this commission Agreement.

    The Bank Account of beneficiary is:

    BANK:
    USD DEPOSIT A/C:

    The transfer will be made to the above account only and shall be transferred in the
    same currency as stated in the contract Any change of the Contract Number as above
    will be mutually agreed. The transfer-charges shall be for the account of the
    beneficiary.

    4. DATE OF PAYMENT

    The commission is payable after payment and crediting of the contracted product-value
    to the seller's account. This commission will be paid in the same vault as the contract
    was realized. The beneficiary will receive copies by fax of the money transfers, as soon
    as the respective transfer to beneficiary is done.

    3
    5. NON CIRCUMVENTION & NON DISCLOSURE AGREEMENT

    All parties herewith declare, not to circumvent each other in this transaction or try to
    circumvent. This is valid during all transactions inclusive all replacements, extensions
    and additional. This document commits all parties and also their employees,
    shareholders, partners, workers, and all other involved people. All rules and regulations
    of ICC 400/500/600 regarding confidentiality, non-circumvention and non-disclosures
    applies to all parties of the agreement and said rules and regulations shall remain in
    full force for a period not to exceed three (3) years from the date of this agreement.

    In case the above-mentioned contract shall not be in force, this COMMISSION


    AGREEMENT will be null and void.

    6. GENERAL AGREEMENT

    This FPA is not to be changed or altered without the written consent of both parties
    hereto.

    After availability of funds, this FPA shall be exchanged for an OFFICIAL BANK
    PAYORDER. Said Payorder shall be lodged with the bank of the Seller and a copy
    thereof being sent to beneficiary.

    A signed copy of this FPA shall be considered as legal paper and as original by the
    consent of the parties having signed the FPA below, and as witness thereof, the
    signatories have affixed their signatures and seals.

    7. DISPUTE AND GOVERNING LAW

    Should any dispute arise to the interpretation of this agreement, both signatories agree
    to submit the matter to binding arbitration by the RULES AND REGULATIONS OF THE
    INTERNATIONAL CHAMBER OF COMMERCE, ISSUES 500 + 600, should a friendly
    settlement not be reached.

    The place of arbitration should be (Insert Country). The governing language will be
    English. The arbitration fee will be paid by the losing party.

    FOR AND ON BEHALF OF:


    (Insert Company Name)

    .............................................
    (Insert Name)

    (Insert Title) SEAL

    (Insert Company Name)

    3
    .............................................
    (Insert Name)

    (Insert Title) SEAL

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