Document background
The Exclusive Agency Agreement is a crucial commercial document used when a business (principal) wishes to grant exclusive rights to another party (agent) to represent their interests, products, or services. Under Singapore law, this agreement provides comprehensive protection for both parties by clearly defining the scope of exclusivity, territorial limits, compensation structures, and performance expectations. The document is particularly important in establishing clear boundaries of authority and protecting the principal's interests while providing the agent with secured business opportunities. Such agreements are commonly used in various industries where exclusive representation or distribution rights are essential for business strategy and market penetration.
