Master Fee Agreement

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									Commodity Master Fee
Contract
This Commodity Master Fee Contract sets forth the terms and conditions that will
govern the sale and purchase of commodities. This document should be issued to all
parties involved in such a sale of commodities. The agreement specifies that the
purchaser will pay commissions to the identified beneficiaries at specific times during
the transaction. This document can be customized to fit the specific needs of parties
involved in the purchase and sale of commodities.
                               Commodity Master Fee Contract

CONTRACT NO:

COMMODITY:

QUANTITY:

TERM OF CONTRACT:

SELLER:

PURCHASER:


1.      The Purchaser hereby acknowledges and agrees that it/he/she will pay all intermediaries
and fee holders at the identical point in time and in same method as the seller is being paid for
each and every transaction of this agreement (the “Agreement”) up to and including the
completion date of this Agreement. Such payments will be made in accordance with the banking
particulars as set out on Schedule “A” annexed hereto.

2.      The Purchaser will authorize and direct the bank to make any and all payments required
to the beneficiaries contained on Schedule “B” annexed hereto. The Purchaser shall direct the
bank to transfer all amounts due and owing to such beneficiary’s respective bank accounts within
______ (___) days of the closing and completion of each and every shipment of the product
throughout the duration of this Agreement.

3.      The Purchaser will provide to each and every beneficiary a written statement evidencing
the pay orders filed with the Purchaser’s bank together with written acknowledgements of
acceptance of same. The Purchaser will authorize its bank to provide the written evidence of
written acknowledgement the form contained on Schedule “C” annexed hereto. The Purchaser
acknowledges at its bank shall be the bank of ______________________. [PROVIDE
SPECIFICS, IDENTIFYING PURCHASER'S BANK]

4.     The Purchaser acknowledges and agrees that all transactions and any and all payments
made to the beneficiaries shall be conducted in _______________ currency.

5.     The Purchaser acknowledges and agrees that total commissions payable will be paid by
the Purchaser as follows:

       (i)    _________________________________ (enter commission payment particulars)
{Instruction: Add additional lines, as necessary, in order to provide sufficient details.}




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6.      This Agreement and any and all pay orders may be assigned or transferred with the
written consent of the beneficiaries. The parties hereby acknowledge and agree that this
Agreement shall not be eluded by any party for a period of _______ (___) years from the
Effective Date.

7.     This Agreement shall be binding on the parties, their agents, affiliates, successors and
assigns.

8.      This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original and all of which taken together shall be deemed to constitute one and
the same instrument. Counterparts may be executed either in original or faxed form and the
parties adopt any signatures received by a receiving fax machine as original signatures of the
parties; provided, however, that any party providing its signature in such manner shall promptly
forward to the other parties an original of the signed copy of this Agreement which was so faxed.

9.     Any provision of this Agreement which, as it may relate to a party, is prohibited or
unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such
prohibition or unenforceability and shall be severed from the balance of this Agreement, all
without affecting the remaining provisions of this Agreement or affecting the validity or
enforceability of such provision in any other jurisdiction.

10.     In the event a dispute arises under this Agreement, the parties hereby agree to attempt to
resolve such dispute with a mutually agreed-upon mediator. Such mediation shall occur in the
City of ______________ [PROVIDE LOCATION THAT IS ACCEPTABLE TO BOTH
PARTIES]. Any costs and fees other than attorney fees shall be shared equally among the
parties. If it proves impossible to arrive at a mutually-satisfactory solution, the parties hereby
agree to submit the dispute to binding arbitration in the same city or region, conducted on a
confidential basis pursuant to the laws of the governing jurisdiction. Any decision or award as a
result of any such arbitration proceeding shall include the assessment of costs, expenses and
reasonable attorney's fees and shall include a written determination of the arbitrators. An award
of arbitration shall be final and binding on the parties and may be confirmed in a court of
competent jurisdiction. The prevailing party shall have the right to collect from the other party its
reasonable costs and attorney fees incurred in enforcing this Agreement, subject to the
determination of the arbitrator or arbitrators.

11.     This Agreement constitutes the entire agreement among the parties and supersedes all
prior agreements whether oral or written.

12.      This Agreement shall be governed by the laws of the State of _____________________.




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      CONFIRMED AND ACCEPTED BY THE PURCHASER THIS ____ DAY OF
__________, 201_____.



                                                                 PURCHASER



Purchaser Particulars:

Name:

Bank Name:

Bank Account Number:

Account Holder Name:

Telephone No:




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                                                 SCHEDULE “A”

                                            BANK PARTICULARS




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                                                 SCHEDULE “B”

                          LIST OF BENEFICIARIES AND PARTICULARS




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                                                 SCHEDULE “C”

                                   FORM OF ACKNOWLEDGEMENT




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