Commission Sharing Agreement

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COMMISSION SHARING AGREEMENT This Commission Sharing Agreement (“Agreement”), dated __________, ____, 2014, is by and between ANABELLE LOPEZ , single, of legal age and a resident of ________________________, hereinafter referred to as THE PARTY OF THE FIRST PART; and - _____________________, (_____________), single, of legal age and a resident of _________________________; hereinafter referred to as THE PARTY OF THE SECOND PART; W I T N E S S E T H: That - WHEREAS, this AGREEMENT is pursuant to the CONDITIONAL SALE OF REAL PROPERTY by and between MR. ALBERTO M. ANUB & MRS. TERESA M. ANUB, both of legal age, American Citizens, and both with residence at Unit 303 Corinithian Place, Valencia Street, Barangay Valencia, Quezon City, the SELLER; and MR. HARUKI ARAI & MRS. HARUMI ARAI, both of legal age, Japanese Citizens, the BUYER (hereinafter referred to as the “SELLER” AND “BUYER”, respectively, and the “PARTIES”, collectively); WHEREAS, both the BUYER and the SELLER have agreed that, as compensation for facilitating negotiations between the BUYER and the SELLER with regard to the Conditional Sale of Real Property signed by the PARTIES, a commission of Five Percent (5%) of the Total Selling Price of SEVEN MILLION EIGHT HUNDRED THOUSAND PESOS, Philippine Currency (Php 7,800,000.00), is hereby awarded to the _________________________ and the _____________________________, based on the following terms below: a. The total amount of THREE HUNDRED NINETY THOUSAND PESOS, representing FIVE PERCENT (5%) of the total selling price of SEVEN MILLION EIGHT HUNDRED THOUSAND PESOS (Php 7,800,000.00),

description

NOT MINE ( :))

Transcript of Commission Sharing Agreement

COMMISSION SHARING AGREEMENT

This Commission Sharing Agreement (Agreement), dated __________, ____, 2014, is by and between ANABELLE LOPEZ , single, of legal age and a resident of ________________________, hereinafter referred to as THE PARTY OF THE FIRST PART;

and -

_____________________, (_____________), single, of legal age and a resident of _________________________; hereinafter referred to as THE PARTY OF THE SECOND PART;

W I T N E S S E T H: That -

WHEREAS, this AGREEMENT is pursuant to the CONDITIONAL SALE OF REAL PROPERTY by and between MR. ALBERTO M. ANUB & MRS. TERESA M. ANUB, both of legal age, American Citizens, and both with residence at Unit 303 Corinithian Place, Valencia Street, Barangay Valencia, Quezon City, the SELLER; and MR. HARUKI ARAI & MRS. HARUMI ARAI, both of legal age, Japanese Citizens, the BUYER (hereinafter referred to as the SELLER AND BUYER, respectively, and the PARTIES, collectively);

WHEREAS, both the BUYER and the SELLER have agreed that, as compensation for facilitating negotiations between the BUYER and the SELLER with regard to the Conditional Sale of Real Property signed by the PARTIES, a commission of Five Percent (5%) of the Total Selling Price of SEVEN MILLION EIGHT HUNDRED THOUSAND PESOS, Philippine Currency (Php 7,800,000.00), is hereby awarded to the _________________________ and the _____________________________, based on the following terms below:

a. The total amount of THREE HUNDRED NINETY THOUSAND PESOS, representing FIVE PERCENT (5%) of the total selling price of SEVEN MILLION EIGHT HUNDRED THOUSAND PESOS (Php 7,800,000.00), pursuant to the Deed of Conditional Sale between the BUYER and the SELLER, shall be the total amount awarded to both the PARTY OF THE FIRST PART and THE PARTY OF THE SECOND PART, the same to be divided between the two as follows:

i. TWO HUNDRED SEVENTY THOUSAND PESOS (Php270,000.00) to THE PARTY OF THE ____ PART, _______________________; and

ii. The remaining amount of ONE HUNDRED TWENTY THOUSAND PESOS (Php 120,000.00) to THE PARTY OF THE ___ PART.

b. This Agreement constitutes the complete and exclusive statement of the agreement between the PARTY OF THE FIRST PART and THE PARTY OF THE SECOND PART, as relates to the subject matter hereof and supersedes all proposals, oral or written, and all other representations, statements, negotiations and undertakings relating to the subject matter. No change in addition to, or waiver of any of the provisions of this Agreement shall be binding upon either THE PARTY OF THE FIRST PART and THE PARTY OF THE SECOND PART, unless made in writing and signed by the PARTY OF THE FIRST PART and THE PARTY OF THE SECOND PART, or their respective authorizes representatives;

c. Neither THE PARTY OF THE FIRST PART or THE PARTY OF THE SECOND PART may assign this Agreement and/or any rights and obligations hereunder without the prior written consent of the other party, and any such attempted assignment shall be thus null and void.

IN WITNESS WHEREOF, the parties have hereunto affixed their signatures this ____ day of __________________, _______, in __________________________.

ANABELLE LOPEZ PARTY OF THE FIRST PART PARTY OF THE SECOND PART

SIGNED IN THE PRESENCE OF:

_________________________ ___________________________Witness Witness

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )__________________________ ) S.S.

BEFORE ME, a Notary Public, in and for the City of ___________________, Philippines, this _____ day of __________________________, _________, personally appeared:

NAMESCOMPETENT EVIDENCE OF IDENTITYDATE/PLACE ISSUED

Known to me to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their own free and voluntary act and deed. This Deed of Conditional Sale consists of ____ (____) pages duly signed by the parties and their instrumental witnesses at the dispositive portions of this page and the left margin of all other pages.

WITNESS MY HAND AND NOTARIAL SEAL, on the date and place first mentioned above.

Doc. No. _______ NOTARY PUBLICPage No. _______Book No. _______Series of 2014.