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Agency Agreement
"I need an Agency Agreement for appointing a sales representative in Singapore to distribute our manufacturing equipment, with exclusive rights in the territory and a commission structure based on quarterly sales targets, starting from March 2025."
1. Parties: Identification and details of the principal and agent
2. Background: Context and purpose of the agency relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment: Scope and nature of agency appointment
5. Agent's Rights and Obligations: Core duties and rights of the agent
6. Principal's Rights and Obligations: Core duties and rights of the principal
7. Commission/Remuneration: Payment terms and calculation method
8. Term and Termination: Duration and termination provisions
1. Territory: Geographic scope of agency, used for territorial restrictions
2. Non-Competition: Restrictions on competitive activities, if applicable
3. Performance Targets: Specific targets or KPIs, if performance-based
4. Marketing and Promotion: Marketing obligations, if relevant to agency scope
5. Insurance: Insurance requirements, if specific coverage needed
1. Commission Schedule: Detailed breakdown of commission structure and calculations
2. Territory Schedule: Detailed description of geographical territory
3. Products/Services Schedule: List of products/services covered by agency
4. Performance Metrics: Detailed KPIs and measurement criteria
5. Agency Procedures Manual: Operational procedures and guidelines
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