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Joint Agency Agreement

Joint Agency Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Joint Agency Agreement

"I need a Joint Agency Agreement under Hong Kong law for two real estate agencies to jointly represent my property development company in marketing luxury residential properties, with the agreement to commence on March 1, 2025, including specific commission-sharing arrangements and KPIs."

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Document background
This Joint Agency Agreement is designed for use in situations where multiple agents need to collaborate in representing a single principal while operating under Hong Kong law. The document is particularly valuable when businesses require coordinated agency services across different territories, specialties, or market segments. It provides a comprehensive framework for defining the agents' respective roles, authorities, and responsibilities, while establishing clear mechanisms for commission sharing, decision-making, and dispute resolution. The agreement ensures compliance with Hong Kong's legal requirements regarding agency relationships, contract formation, and commercial practices. It is commonly used in various commercial contexts, from real estate and insurance to international trade and professional services, where joint representation can enhance market coverage and service delivery.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including principal and joint agents

2. Background: Context of the agreement and business relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Formal appointment of joint agents and detailed scope of agency

5. Term and Renewal: Duration of the agreement and renewal provisions

6. Authority of Agents: Extent and limitations of agents' authority to act on behalf of the principal

7. Duties and Responsibilities: Specific duties and responsibilities of each agent

8. Commission and Payment Terms: Structure of commission sharing and payment arrangements

9. Cooperation and Decision Making: Procedures for cooperation between agents and decision-making processes

10. Confidentiality: Obligations regarding confidential information

11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation

12. Liability and Indemnification: Allocation of liability and indemnification obligations

13. Termination: Grounds and procedures for termination of the agreement

14. Post-Termination Obligations: Obligations surviving termination of the agreement

15. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

16. General Provisions: Standard boilerplate clauses including notices, amendments, etc.

Optional Sections

1. Insurance: Requirements for professional indemnity and other insurance coverage, included when dealing with high-value transactions or high-risk activities

2. Intellectual Property: Provisions regarding IP rights and usage, included when agents will be using or creating intellectual property

3. Data Protection: Specific provisions for handling personal data, included when agents will process personal data

4. Sub-Agents: Provisions regarding appointment and management of sub-agents, included when sub-agents may be needed

5. Performance Targets: Specific performance requirements and metrics, included when performance-based compensation is involved

6. Training and Support: Provisions for training and operational support, included when complex products or services are involved

7. Force Majeure: Provisions for unforeseen circumstances, included when long-term or high-value arrangements are involved

8. Anti-Bribery and Corruption: Specific compliance requirements, included when dealing with public sector or regulated industries

Suggested Schedules

1. Commission Structure: Detailed breakdown of commission calculations and payment terms

2. Territory Assignment: Geographical or client segment assignments for each agent

3. Products and Services: Detailed list of products or services covered by the agency

4. Operating Procedures: Detailed procedures for day-to-day operations and coordination

5. Reporting Requirements: Templates and requirements for regular reporting

6. Key Performance Indicators: Detailed performance metrics and evaluation criteria

7. Contact Details: Key contact persons and communication protocols

8. Required Forms and Documentation: Standard forms and documents to be used in agency operations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
































Clauses




































Relevant Industries

Real Estate

Insurance

Financial Services

International Trade

Shipping and Logistics

Manufacturing

Retail Distribution

Professional Services

Technology and Software

Telecommunications

Relevant Teams

Legal

Compliance

Commercial

Sales

Business Development

Operations

Risk Management

Contract Administration

Partner Relations

Account Management

Relevant Roles

Chief Executive Officer

Commercial Director

Business Development Manager

Sales Director

Legal Counsel

Compliance Officer

Operations Manager

Regional Manager

Agency Manager

Contract Manager

Risk Manager

Partnership Manager

Account Executive

Sales Representative

Business Agent

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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