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Limited Agency Agreement
"I need a Limited Agency Agreement for appointing a Saudi agent to distribute our medical equipment in Riyadh and Jeddah only, starting March 2025, with strict limitations on pricing authority and a requirement for monthly sales reporting."
1. Parties: Identification of Principal and Agent with full legal names and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Express appointment of agent and clear definition of limited agency scope
5. Territory: Geographical area where agent is authorized to act
6. Duration and Termination: Term of agreement and termination provisions
7. Agent's Rights and Obligations: Detailed responsibilities and authorities of the agent
8. Principal's Rights and Obligations: Detailed responsibilities and commitments of the principal
9. Commission and Payment Terms: Compensation structure and payment details
10. Confidentiality: Protection of confidential information and trade secrets
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities
12. Compliance with Laws: Obligation to comply with Saudi laws and regulations
13. Dispute Resolution: Procedure for resolving disputes under Saudi law
14. Governing Law: Confirmation of Saudi law as governing law
15. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Intellectual Property Rights: Required when the agency involves use of trademarks or other IP
2. Training and Support: Include when principal provides training or technical support
3. Performance Targets: Include when specific sales or performance targets are required
4. Marketing and Promotion: Include when agent has specific marketing responsibilities
5. Insurance Requirements: Include when specific insurance coverage is required
6. Bank Guarantee: Include when financial security is required from the agent
7. Sub-Agents: Include if agent is permitted to appoint sub-agents
8. Import/Export Requirements: Include for cross-border trade activities
1. Schedule 1 - Products/Services: Detailed list of products or services covered by the agency
2. Schedule 2 - Territory Details: Detailed description of geographical territory and any exclusions
3. Schedule 3 - Commission Structure: Detailed breakdown of commission calculations and payment terms
4. Schedule 4 - Performance Criteria: Specific targets and performance measurement metrics
5. Schedule 5 - Required Registrations: List of required governmental registrations and permits
6. Schedule 6 - Approved Sub-agents: List of pre-approved sub-agents if applicable
7. Schedule 7 - Principal's Trademarks: Details of trademarks agent is authorized to use
8. Appendix A - Standard Operating Procedures: Detailed operational procedures and requirements
Authors
Manufacturing
Retail
Distribution
Technology
Healthcare
Automotive
Consumer Goods
Industrial Equipment
Electronics
Pharmaceutical
Construction
Energy
Telecommunications
Professional Services
Food and Beverage
Legal
Commercial
Business Development
Sales
Compliance
Operations
International Business
Corporate Affairs
Regulatory Affairs
Contract Management
Executive Leadership
Legal Counsel
Commercial Director
Business Development Manager
Sales Director
Compliance Officer
Contract Manager
Regional Manager
Chief Executive Officer
Chief Commercial Officer
Operations Director
International Business Manager
Regional Sales Manager
General Counsel
Corporate Secretary
Regulatory Affairs Manager
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