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Fee Protection Agreement

This document is an irrevocable fee protection agreement between Company I and Company II. It guarantees that Company II will pay a commission to Company I from any successful deals transacted through Company I. The funds are to be immediately transferred by wire to Company I upon shipment commencement. Both companies agree to be responsible for their own taxes and not to circumvent each other for five years on this transaction or related renewals/extensions. Signatures and faxes are considered valid.

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Mohamad Zamawi
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3K views3 pages

Fee Protection Agreement

This document is an irrevocable fee protection agreement between Company I and Company II. It guarantees that Company II will pay a commission to Company I from any successful deals transacted through Company I. The funds are to be immediately transferred by wire to Company I upon shipment commencement. Both companies agree to be responsible for their own taxes and not to circumvent each other for five years on this transaction or related renewals/extensions. Signatures and faxes are considered valid.

Uploaded by

Mohamad Zamawi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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IRREVOCABLE FEE PROTECTION AGREEMENT AND NC/ND

WITH FULL LEGAL AND CORPORATE AUTHORITY, I HEREBY IRREVOCABLY GUARANTEE THAT UPON THE SUCCESSFUL TRANSACTION OF ANY DEAL THROUGH ( COMPANY I ) WE, ( COMPANY II ) AS THE REPRESENTATIVE OF BUYER/SELLER, AGREE TO PAY A COMMISISON OF _____________ RECEIVED AS COMMISSION BY ( COMPANY II ) THROUGH THE ABOVE MENTIONED TRANSACTION(S), AND DO HEREBY DIRECT THAT FUNDS FROM THIS TRANSACTION SHALL BE IMMEDIATELY PAID BY FED WIRE TRANSFER, AFTER EACH AND EVERY SHIPMENT COMMENCES. PAYMENT SHALL BE MARKED "SAME DAY PAYMENT" IN GOOD, CLEAN AND CLEAR UNITED STATES DOLLARS FREE FROM ANY LIENS OR LOCAL TAXES AND WITHOUT RESTRICTIONS, IMPEDIMENTS, OR DELAYS OF ANY KIND WHATSOEVER, OR AS OTHERWISE AGREED, AS FOLLOWS: FEE RECIPIENT: ( COMPANY I ) NAME ADDRESS TEL FAX : : : :

I EXPRESSLY AGREE TO IMMEDIATELY EXECUTE SUCH ADDITIONAL DOCUMENTS AS MAY BE NECESSARY OR REQUIRED TO EFFECTUATE THE INTENTION CONTAIN HEREIN. THE UNDERSIGNED CONFIRMS AND WARRANTS THAT THIS IRREVOCABLE FEE PROTECTION AGREEMENT WILL BE LODGED WITH THE REPRESENTATIVES BANK BEFORE THE COMMENCEMENT OF THE TRANSACTION(S). PAYMENTS ARE TO BE MADE FROM THE REPRESENTATIVES BANK DIRECTLY TO THE ABOVE NAMED FEE RECIPIENT VIA WIRE TRANSFER TO THE BANKING CO-ORDINATES OF FEE RECIPIENT SUPPLIED BY THE SAME. WIRE TRANSFER PAYMENTS SHALL BE MADE SUBJECT ONLY TO THE BANK FEE FOR NORMAL TRANSFER OF FUNDS. THE RECIPIENT SHALL BE RESPONSIBLE TO PROVIDE HIS RESPECTIVE BANKING CO-ORDINATES AND TAX IDENTIFIER INFORMATION AS APPROPRIATE. INITIAL : __________

CONTINUED: IRREVOCABLE FEE PROTECTION AGREEMENT PAGE 2 OF 2 IT IS UNDERSTOOD AND AGREED THAT BOTH PARTIES SHALL EACH BE INDIVIDUALLY RESPONSIBLE FOR THE PAYMENT OF THEIR OWN RESPECTIVE TAXES AND GOVERNMENT CHARGES THAT MAY BE APPLICABLE. THIS IRREVOCABLE FEE PROTECTION AGREEMENT SHALL REMAIN UNCHANGED UNTIL THE TRANSACTION(S) UNDER THE ABOVE REFERENCED IRREVOCABLE FEE PROTECTION AGREEMENT HAS BEEN COMPLETED AND TERMINATED THIS AGREEMENT IS UNCONDITIONAL, NON-TRANSFERABLE, ASSIGNABLE AND DIVISIBLE AND SHALL BE EFFECTIVE UPON THE COMMENCEMENT FOR THE SAID TRANSACTION(S) AND SHALL REMAIN IN FULL FORCE AND EFFECT FOR THE FULL TERM OF THE SAID TRANSACTION(S), AND SHALL APPLY TO ALL RENEWALS, EXTENSIONS, ROLLOVERS, OR ADDITIONS PERTAINING THERETO. BOTH PARTIES HERETO AGREE NOT TO CIRCUMVENT ANY OF THE PARTIES TO THIS TRANSACTION(S) FOR A PERIOD OF FIVE (5) YEARS AND SHALL COMPLY WITH ALL ASPECTS OF THE NON-CIRCUMVENTION REGULATIONS AS STATED N THE LATEST ICC EDITION AND AMENDMENTS. THIS DOCUMENT BINDS BOTH PARTIES, THEIR EMPLOYEES, ASSOCIATES, AGENTS, TRANSFERS, ASSIGNS AND OR DESIGNEE'S. A FACSIMILE AND SIGNATURES THEREON SHALL OPERATE AS AN ORIGINAL FOR ALL LEGAL PURPOSES. BY: __________________________ DETAILS OF COMPANY II ( COMPANY SEAL ) ( REPRESENTATIVE ) DATE :

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