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Sourcing Agent Agreement
I need a Sourcing Agent Agreement for appointing an exclusive agent to source automotive parts from suppliers in Eastern Europe, with the agreement starting January 2025 and including strict quality control requirements and performance metrics.
1. Parties: Identification of the principal company and the sourcing agent, including full legal names, registration details, and addresses
2. Background: Context of the agreement, business purpose, and brief description of the parties' intentions
3. Definitions: Key terms used throughout the agreement, including Territory, Products, Suppliers, Commission, etc.
4. Appointment and Scope: Formal appointment of the agent, territory designation, and detailed scope of services
5. Agent's Rights and Obligations: Detailed responsibilities including supplier identification, negotiation authority, reporting requirements, and compliance obligations
6. Principal's Rights and Obligations: Principal's commitments, support to be provided, and information sharing obligations
7. Commission Structure: Detailed commission calculations, payment terms, and conditions for commission entitlement
8. Intellectual Property: Protection and usage rights of trademarks, logos, and other IP during the agency relationship
9. Confidentiality: Obligations regarding confidential information, trade secrets, and data protection
10. Term and Termination: Duration of agreement, renewal terms, and termination provisions including mandatory notice periods under German law
11. Post-Termination: Post-contractual obligations, compensation claims, and non-compete provisions
12. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Minimum Performance Requirements: Include when specific performance targets or KPIs are required for the agent
2. Exclusivity Provisions: Include when the agent is granted exclusive rights in specific territories or for specific products
3. Sub-Agents: Include when the agent may be permitted to appoint sub-agents
4. Insurance Requirements: Include when specific insurance coverage is required from the agent
5. Compliance with Specific Industry Regulations: Include when dealing with regulated industries or specific compliance requirements
6. Marketing and Promotion: Include when the agent has specific marketing responsibilities or restrictions
7. Training and Support: Include when specific training or support will be provided by the principal
8. Force Majeure: Include when specific force majeure provisions are needed beyond standard German law provisions
1. Schedule 1 - Territory Definition: Detailed description of geographical areas covered by the agreement
2. Schedule 2 - Products/Services: Comprehensive list of products or services covered by the agency relationship
3. Schedule 3 - Commission Structure: Detailed commission rates, calculation methods, and examples
4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports
5. Schedule 5 - Approved Suppliers: List of pre-approved suppliers or criteria for supplier approval
6. Schedule 6 - Service Level Agreement: Specific performance metrics and service standards
7. Appendix A - Power of Attorney: If required, specific authorization powers granted to the agent
8. Appendix B - Compliance Guidelines: Specific compliance requirements and procedures
Authors
Affiliate
Approved Suppliers
Business Day
Commencement Date
Commission
Confidential Information
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Key Performance Indicators
Minimum Performance Requirements
Net Purchase Price
Products
Principal
Purchase Order
Quality Standards
Quarterly Report
Restricted Territory
Services
Sourcing Agent
Specification
Sub-Agent
Supplier
Supply Agreement
Target Price
Term
Territory
Trade Secrets
Working Hours
Territory
Exclusivity
Authority
Scope of Services
Commission
Payment Terms
Performance Requirements
Reporting Obligations
Compliance
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Limitation of Liability
Insurance
Term
Termination
Post-Termination Obligations
Force Majeure
Assignment
Sub-Contracting
Notices
Amendments
Severability
Entire Agreement
Governing Law
Dispute Resolution
Anti-Corruption
Record Keeping
Audit Rights
Training
Quality Control
Supplier Management
Product Standards
Marketing Restrictions
Good Faith
Manufacturing
Retail
Import/Export
Consumer Goods
Industrial Equipment
Textiles and Apparel
Electronics
Automotive
Raw Materials
Fashion and Accessories
Food and Beverage
Construction Materials
Procurement
Legal
Supply Chain
Operations
Commercial
International Trade
Vendor Management
Compliance
Finance
Business Development
Procurement Director
Sourcing Manager
Supply Chain Manager
Chief Procurement Officer
Purchasing Manager
Commercial Director
Legal Counsel
Contracts Manager
International Trade Manager
Vendor Relations Manager
Operations Director
Business Development Manager
Import/Export Manager
Global Sourcing Specialist
Supplier Relationship Manager
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