COMMISSION GUARANTEE Clause Samples
A Commission Guarantee clause ensures that a party, typically a broker or agent, is assured payment of their commission under specified circumstances. This clause outlines the conditions under which the commission is earned and payable, such as upon the closing of a sale or the execution of a contract, regardless of subsequent events like contract termination or buyer default. Its core function is to protect the agent’s right to compensation, providing certainty and reducing disputes over commission entitlement.
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COMMISSION GUARANTEE. Contractor will guarantee a minimum annual commission – assuming a full, 12-month year - of two hundred seventy five thousand dollars ($275,000.00) during each year of this Agreement (the “Guarantee”). Any underage in commissions paid by Contractor as compared to the Guarantee for a particular year will be paid to the County at the end of such year. To the extent an Agreement year is less than 12 months for whatever reason, the amount of the Guarantee for that shortened year will be reduced by
COMMISSION GUARANTEE. (a) Juno will be advanced [***] Dollars ($[****]) against future commissions ("Commission Guarantee"), with payments to be made as follows:
(i) $[***] paid within ten (10) business days of full execution of this Agreement; and (ii) $[***] paid within ten (10) business days following the first twelve (12) month period; and