Without restricting the universality of the above, each of the lenders authorizes and orders the administrative officer and/or collateral agent to bind each lender to the deeds that that lender requires under the lenders` loss-sharing agreement and any agreement between creditors, including the inter-commission agreement. The applicant found that, as the letter was an insurance contract under the Act of Section 124 of the Act, no contractual clause that was not included in the letter was not admissible as evidence if it would harm the applicant. As such, according to the applicant, the provision of Broker`s profit-sharing agreement, which gives Intact full discretion in determining the final disputes related to the calculations, including the calculations of the interest, should be excluded from the evidence. Considering that the applicant is not entitled to share the profits purely mentioned in the letter and the correct amount of $24,000, the court found that the applicant was probably aware or should have known that the share of the profits mentioned in the letter was too good to be true. The court confirmed that, even if the letter were to be found to be a stand-alone contract, the court would not hesitate to apply the doctrine of rectification in order to avoid giving a blow to the applicant who wants to exploit Intact`s error. An operating contract, which was signed once, should be kept safe as an important report on the company. Insurers can take solace in the fact that they do not unknowingly offer insurance policies to brokers through their broker incentive programs. The definition of “insurance” under the law is clearly and strictly defined. Even if an insurer colloquially uses the language of insurance to describe a program, the law does not apply if the program does not meet the strict definition of insurance in Section 1 of the Act. Another critic (M.A. Khan) challenged the mudarabah`s underlying justification for fairness to the Mudarib. Instead of being unfair to the entrepreneur and borrower, the fixed-rate credit, Khan asks Khan if it is not unfair to rabb al-mal (the financial services provider) to “return on investment only when the results of the investment are profitable” because by providing funds, they have helped to make the investment possible, while the actions of the entrepreneur/borrower – their inspiration, competence, assiduity, truth-telling, etc. – have much more power over the profitability of the investment.
 Your incentive agreement should spell out closed-knit equity payments if you want to manage the transaction.