1. Purpose
This Agreement defines the payment terms and commission structure between the Company and the Contractor for tax preparation services rendered.
2. Commission Structure
Commission Rate: The Contractor shall receive a commission of [Commission Percentage]% of the fees collected from clients procured and serviced by the Contractor.
3. Payment Terms
Payment Schedule: Commissions will be disbursed exclusively on Fridays, following the week in which a client's payment is fully processed and cleared.
Payment Calculation: Commissions are based on net fees received from clients, excluding refunds, chargebacks, or adjustments.
Payment Method: All commission payments will be made via [Payment Method, e.g., direct deposit, check] to the account or address designated by the Contractor.
4. Reporting and Documentation
Transaction Records: The Company will provide the Contractor with a detailed report of all client payments received and corresponding commission calculations on a weekly basis.
Discrepancies: Any discrepancies or disputes regarding commission payments must be reported to the Company within [Number of Days, e.g., 7 days] of receiving the payment report.
5. Independent Contractor Status
No Employment Relationship: The Contractor is an independent contractor and not an employee of the Company. The Contractor is responsible for all taxes, insurance, and other obligations arising from their compensation.
6. Miscellaneous
Entire Agreement: This Agreement constitutes the entire understanding between the parties regarding payment terms and supersedes all prior agreements or understandings, whether written or oral.
Amendments: Any amendments to this Agreement must be in writing and signed by both parties.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of the United States.
Dispute Resolution: Any disputes arising under this Agreement shall be resolved through [mediation/arbitration] in the United States.