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Agreement Between Buyer And Commission Agent
"I need an Agreement Between Buyer And Commission Agent for my retail business in Manila, where we'll appoint a local agent to source clothing and accessories from domestic manufacturers, with a standard 5% commission structure and initial term starting January 2025."
1. Parties: Identification of the Buyer and the Commission Agent with their complete legal names and addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Formal appointment of the commission agent and detailed scope of their authority
5. Duration and Termination: Term of the agreement and conditions for termination
6. Commission Agent's Rights and Obligations: Detailed responsibilities and rights of the commission agent
7. Buyer's Rights and Obligations: Detailed responsibilities and rights of the buyer
8. Commission Structure: Details of commission rates, calculation methods, and payment terms
9. Payment Terms: Terms and conditions for payment of commission and other financial arrangements
10. Reporting Requirements: Requirements for regular reporting and documentation of transactions
11. Confidentiality: Provisions for handling confidential information
12. Limitation of Liability: Extent and limitations of each party's liability
13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and notices
1. Non-Compete: Restrictions on the agent's ability to work with competitors, used when dealing with sensitive markets or products
2. Intellectual Property: Protection of intellectual property rights, needed when the agent will handle branded products or proprietary information
3. Insurance: Requirements for insurance coverage, particularly relevant for high-value transactions or regulated industries
4. Force Majeure: Provisions for unforeseen circumstances, particularly important in long-term agreements
5. Anti-Corruption Compliance: Specific provisions for compliance with anti-corruption laws, important for international transactions
6. Data Protection: Provisions for handling personal data, required when dealing with consumer information
7. Training and Support: Details of training and support provided to the agent, useful for complex products or services
1. Schedule A - Commission Rates: Detailed breakdown of commission rates for different products or services
2. Schedule B - Territory: Definition of geographical area or market segment where the agent is authorized to operate
3. Schedule C - Products/Services: Detailed list of products or services covered by the agreement
4. Schedule D - Reporting Templates: Standard formats for regular reports and documentation
5. Schedule E - Performance Metrics: Specific performance targets and evaluation criteria
6. Appendix 1 - Standard Operating Procedures: Detailed procedures for day-to-day operations and transactions
7. Appendix 2 - Compliance Requirements: Specific regulatory and compliance requirements applicable to the agency relationship
Authors
Retail
Real Estate
Import/Export
Manufacturing
Agriculture
Consumer Goods
Industrial Products
Commodities Trading
Textiles
Electronics
Automotive
Construction Materials
Food and Beverage
Pharmaceuticals
Legal
Procurement
Commercial
Sales
Operations
Supply Chain
Risk and Compliance
Finance
Business Development
International Trade
Procurement Manager
Commercial Director
Sales Director
Business Development Manager
Contract Manager
Legal Counsel
Chief Commercial Officer
Purchasing Officer
Supply Chain Manager
Operations Manager
Regional Sales Manager
Import/Export Manager
Trading Manager
Compliance Officer
Risk Manager
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