GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||
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16:45 Mar 31, 2016 |
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French to English translations [PRO] Bus/Financial - Law: Contract(s) / Commission payment clause in a contract | |||||||
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| Selected response from: Edgar Bettridge United Kingdom Local time: 13:02 | ||||||
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Discussion entries: 10 | |
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for twelve months consecutively starting from the first full month Explanation: ...after the first new sales commission is made; hence, first commission date April 1st, payment falls due from May 1st; however, should a commission sale be made on today's date, March 31st, then (theoretically) payment falls due starting tomorrow, April 1st, based on the text supplied here. |
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I think it's a 3 year trail period Explanation: 0 - end of 11th month 3% 12th - end of 23th month 2% 24th - end of 35th month 1.5% Where 0 is the date of the first sale. I don't think this describes when XX gets paid the commission, merely how the commission is calculated. -------------------------------------------------- Note added at 33 mins (2016-03-31 17:18:44 GMT) -------------------------------------------------- 23rd! -------------------------------------------------- Note added at 7 hrs (2016-04-01 00:38:18 GMT) -------------------------------------------------- OK, lots of "neutral" comments here (there is nothing wrong with disagreeing btw - I just won't buy you a beer). The way I read the context is that XX is an independent consultant introducing business leads to a travel wholesaler which is in turn the middleman between the high street travel agent and the operator (which can be another local middleman or the actual hotel, cruise line, transfer business etc). If the introduced agency/hotel etc does business with the wholesaler, XX gets paid, and continues to get paid for three years. https://www.rezdy.com/blog/how-much-commission-should-tour-o... |
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