1. Appointment
The Company appoints the Agent as an Independent Contractor to market and sell properties supplied by Ritz Realty. Nothing creates employment, partnership, or joint venture.
2. Commission Structure
The Agent shall receive 60% of the gross commission received by the Company for each settled transaction. Commission payable after settlement and cleared funds.
• $40,000 commission – Agent receives $24,000.
• $25,000 commission – Agent receives $15,000.
No commission payable for cancelled or failed contracts.
3. Confidentiality & Non-Disclosure
Confidential information must not be disclosed. Obligation continues 5 years post-termination.
4. Non-Circumvention
Agent shall not bypass the Company to deal directly with introduced developers or clients. Survives 24 months.
5. Restraint of Trade
For 12 months post-termination, Agent must not solicit Company developers or clients within Australia.
6. Liquidated Damages
Breach results in liquidated damages equal to greater of $50,000 or lost commission plus legal costs.
7. Termination
14 days written notice. Immediate termination for breach or misconduct.
8. Governing Law
Governed by the laws of Victoria, Australia.
9. Subscription Access Fee
9.1 Weekly Subscription
Agent agrees to pay AUD $11.99 per week for access to listings, CRM and projects.
9.2 Payment Terms
Paid weekly in advance via approved method. Agent authorises deductions.
9.3 Access Conditional Upon Payment
Access suspended if overdue more than 7 days.
9.4 Non-Refundable
Subscription is non-refundable.
9.5 No Offset Against Commission
Does not affect commission entitlements.
9.6 Adjustment of Fee
Company may vary fee with 30 days notice.
9.7 Termination and Subscription
Billing ceases upon termination once outstanding amounts paid.