The Split Clause Samples
The Split clause defines how assets, profits, or responsibilities are divided between parties in an agreement. Typically, it specifies the percentage or method by which each party receives their share, such as a 60/40 revenue split or allocation of ownership interests. This clause ensures that all parties have a clear understanding of their entitlements, reducing the risk of disputes and providing a transparent framework for distribution.
The Split. For each Large-Item of Property, Owner will be credited with a percent of the Winning Bid which varies according to the Large-Item service option employed.
The Split. For each item of Property, Owner will be credited with 50% of the first $1,000 of the Winning Bid and 75% of the Winning Bid portion, if any, that exceeds $1,000. From this amount, the Owner’s pro rata share of transaction fees (the "Processing Costs"), if any, will be deducted. transaction.Other than the Fuel Surcharge described in Section 3, below, Processing Costs are the only costs credited against the Owner’s Net Proceeds. All other services are provided at no charge including but not limited those set out in Exhibit A, a copy of which is attached hereto and incorporated by reference herein.
The Split