RISK-MANAGEMENT FEE Sample Clauses
The RISK-MANAGEMENT FEE clause establishes a specific fee that one party must pay to another for services related to identifying, assessing, and mitigating risks associated with a project or transaction. Typically, this fee is either a fixed amount or a percentage of the contract value, and it may cover activities such as insurance procurement, safety audits, or compliance monitoring. The core purpose of this clause is to allocate the costs of risk management transparently, ensuring that both parties understand their financial responsibilities and that adequate resources are dedicated to minimizing potential losses.
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RISK-MANAGEMENT FEE is $125.00 (one hundred twenty five) per closed transaction. This fee shall be deducted by Broker from Associate-Licensee’s earned gross commission, per transaction and will be used by the Company to offset the cost of E&O insurance, settlements, judgments, legal fees, costs of claims and litigation and other risk-management costs. If Associate-Licensee is representing both the buyer and the seller in a dual transaction, the risk management fee will be raised to $225 to cover the additional transaction.
RISK-MANAGEMENT FEE is $195 (One Hundred Ninety Five) per closed transaction. $225 (Based on Sales price of $1 Million or less, fee increases an additional $12.50 per additional $100,000. In sales price.)This fee shall be deducted by ▇▇▇▇▇▇ from Associate-Licensee’s earned gross commission, per transaction and will be used by the Company to offset the cost of E&O insurance, settlements, judgments, legal fees, costs of claims and litigation and other risk-management costs. If Associate- Licensee is representing both the buyer and the seller in a dual transaction, the risk management fee will be raised to $195 to cover the additional transaction.
RISK-MANAGEMENT FEE. A Risk Management Fee will be charged per closed transaction (see Addendum 1 for details). This fee shall be deducted by Broker from Associate-Licensee’s earned gross commission, per transaction, and will be used by the Company to offset the cost of E & O insurance, settlements, judgments, legal fees, costs of claims and litigation, and other risk-management costs.
RISK-MANAGEMENT FEE. REFERRAL COMPENSATION. Please see Schedule A, Duties, Terms and Compensation.
RISK-MANAGEMENT FEE. UWSI also shall be entitled to a monthly "Risk Management Fee," calculated as follows:
(a) The annual premium attributable to insurance procured by UWSI on behalf or for the benefit of AMSG, as reasonably determined by UWSI, times (b) a rate per annum of five percent (5%).
RISK-MANAGEMENT FEE. Shall be divided equally between the team leader and the team member. Each Agent shall be responsible for their annual Risk Management Fee cap.