Agreement Between Principal And Agent for Hong Kong

Agreement Between Principal And Agent Template for Hong Kong

A comprehensive legal agreement governed by Hong Kong law that establishes and regulates the relationship between a principal and their appointed agent. This document outlines the scope of authority granted to the agent, their duties and responsibilities, compensation structure, and terms of engagement. It incorporates specific provisions compliant with Hong Kong's common law system and relevant ordinances, including requirements for agency relationships, fiduciary duties, and commercial practices. The agreement provides clear guidelines for both parties while ensuring flexibility for various commercial contexts and industry-specific requirements.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Agreement Between Principal And Agent

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Agreement Between Principal And Agent?

The Agreement Between Principal And Agent is a crucial legal document used in Hong Kong's business environment to establish and govern agency relationships across various commercial sectors. It serves as the foundational document defining the parameters within which an agent can act on behalf of a principal, incorporating specific provisions required under Hong Kong law and commercial practice. This agreement is essential when a business or individual (principal) wishes to authorize another party (agent) to act on their behalf, whether for sales, business development, or other commercial activities. The document addresses key aspects including scope of authority, territorial restrictions, compensation, compliance requirements, and termination provisions, while ensuring alignment with Hong Kong's legal framework and business customs. It's particularly relevant in Hong Kong's role as an international business hub, where agency relationships frequently cross borders and involve multiple jurisdictions.

What sections should be included in a Agreement Between Principal And Agent?

1. Parties: Identifies and defines the Principal and Agent, including their full legal names, addresses, and any relevant registration numbers

2. Background: Explains the context of the agreement and the parties' intention to enter into an agency relationship

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Appointment and Scope: Details the formal appointment of the agent and clearly defines the scope of authority granted

5. Term and Territory: Specifies the duration of the agency agreement and the geographical area where the agent is authorized to act

6. Agent's Duties and Responsibilities: Comprehensive list of the agent's obligations, including fiduciary duties, reporting requirements, and performance standards

7. Principal's Duties and Responsibilities: Outlines the principal's obligations, including provision of information, support, and resources

8. Compensation and Payment Terms: Details the agent's compensation structure, including commission rates, payment schedules, and expense reimbursement

9. Confidentiality: Provisions regarding the protection and non-disclosure of confidential information

10. Intellectual Property: Addresses ownership and usage rights of intellectual property in the agency relationship

11. Termination: Specifies grounds for termination, notice requirements, and post-termination obligations

12. Governing Law and Jurisdiction: Confirms Hong Kong law as governing law and specifies jurisdiction for dispute resolution

13. General Provisions: Standard boilerplate clauses including entire agreement, amendments, notices, and severability

What sections are optional to include in a Agreement Between Principal And Agent?

1. Non-Competition and Non-Solicitation: Restrictions on the agent's competitive activities during and after the agreement - include when the agent will have access to sensitive information or significant customer relationships

2. Performance Targets: Specific performance metrics and consequences - include when the agency relationship is performance-based

3. Sub-Agents: Terms governing the appointment and management of sub-agents - include when sub-agents may be needed

4. Insurance Requirements: Specific insurance obligations - include for high-risk activities or regulated industries

5. Compliance with Industry Regulations: Specific regulatory compliance requirements - include for regulated industries like financial services or real estate

6. Data Protection: Detailed provisions for handling personal data - include when significant personal data processing is involved

7. Marketing and Branding: Guidelines for using principal's branding and marketing materials - include for customer-facing agents

8. Training and Support: Details of training and support provided by principal - include for complex products or services

What schedules should be included in a Agreement Between Principal And Agent?

1. Schedule 1 - Commission Structure: Detailed breakdown of commission rates, calculations, and payment terms

2. Schedule 2 - Territory Map: Detailed description or map of the agent's authorized territory

3. Schedule 3 - Approved Products/Services: List of products or services the agent is authorized to sell or represent

4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports and their frequency

5. Schedule 5 - Performance Metrics: Detailed performance criteria and evaluation methods

6. Appendix A - Power of Attorney: Formal power of attorney document if required for specific actions

7. Appendix B - Standard Operating Procedures: Detailed procedures for day-to-day operations and specific situations

8. Appendix C - Compliance Checklist: Checklist of regulatory and compliance requirements applicable to the agency relationship

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Retail

Real Estate

Financial Services

Insurance

Import/Export

Manufacturing

Technology

Professional Services

Healthcare

Hospitality

Logistics and Transportation

Consumer Goods

Telecommunications

Entertainment and Media

Relevant Teams

Legal

Commercial

Sales

Business Development

Operations

Compliance

Contract Management

Agency Management

Distribution

Corporate Affairs

Risk Management

International Business

Relevant Roles

Chief Executive Officer

Commercial Director

Business Development Manager

Sales Director

Legal Counsel

Compliance Officer

Operations Manager

Contract Manager

Distribution Manager

Regional Sales Manager

Channel Partner Manager

Agency Director

Procurement Manager

General Counsel

Company Secretary

Chief Operating Officer

Relationship Manager

Account Executive

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Source Code Purchase Agreement

A Hong Kong law-governed agreement for the purchase and transfer of software source code ownership, including technical specifications and intellectual property rights.

Download

Mock Interview Feedback Form

A Hong Kong-compliant structured feedback form for mock interview assessments, providing comprehensive evaluation and developmental guidance for job seekers.

Download

Letting Agency Agreement

A Hong Kong law-governed agreement between property owner and letting agent defining the terms of the agent's authority to market and let property.

Download

Insurance Agency Non Compete Agreements

A Hong Kong law-governed agreement establishing non-compete obligations between insurance companies and their agents, protecting the company's business interests post-agency termination.

Download

Estate Agency Contract

A regulated agreement between estate agents and clients for property transaction services in Hong Kong, compliant with the Estate Agents Ordinance.

Download

Cleaning Agreement

A Hong Kong law-governed agreement establishing terms and conditions for professional cleaning services provision, including service scope, standards, and pricing.

Download

Agreement Between Recruitment Agency And Candidate

A Hong Kong-governed agreement establishing the terms and conditions between a recruitment agency and job candidate, outlining services, obligations, and data protection requirements.

Download

Sub Advisory Agreement

A Hong Kong-governed agreement delegating investment management responsibilities from a primary adviser to a sub-adviser, subject to local regulatory requirements.

Download

Agreement Between Principal And Agent

A Hong Kong law-governed agreement establishing the terms and conditions between a principal and their appointed agent, defining authority, duties, and commercial terms.

Download

Agreement For Security Services

Hong Kong-governed agreement establishing terms for security service provision, ensuring compliance with local security regulations and industry standards.

Download

Agreement Between Landlord And Letting Agent

A Hong Kong-governed agreement defining the professional relationship and terms between a landlord and their appointed letting agent for property leasing services.

Download

Agreement Between Seller And Agent

A Hong Kong law-governed agreement establishing terms and conditions for an agent to represent a seller in specified territories.

Download

Joint Affidavit Of Two Witnesses

A Hong Kong legal document containing sworn statements from two witnesses testifying jointly to the same facts or circumstances.

Download

Leasehold Contract

A Hong Kong law-governed agreement establishing terms and conditions for property leasing between landlord and tenant.

Download

Internal Transfer Offer Letter

A Hong Kong-compliant offer letter documenting an employee's internal transfer terms and conditions within the same organization.

Download

Transaction Bonus Agreement

A Hong Kong law-governed agreement establishing terms for transaction-related bonus payments, typically used in corporate events such as M&A or IPOs.

Download

Service Availability Agreement

A Hong Kong law-governed agreement defining service availability commitments, performance metrics, and remedies between service providers and customers.

Download

Recruitment Agency Contract

A Hong Kong law-governed agreement between a recruitment agency and client company establishing terms for recruitment services and regulatory compliance.

Download

Recruitment Agency Agreement With Candidate

A Hong Kong law-governed agreement between a recruitment agency and job candidate, setting out terms for employment placement services and compliance with local recruitment regulations.

Download

Prime Contractor Agreement

A Hong Kong law-governed agreement between project owner and main contractor for construction works execution, including scope, payment terms, and compliance requirements.

Download

One Sided NDA

A Hong Kong law-governed one-sided confidentiality agreement protecting information disclosed by one party to another.

Download

Buy Tenancy Agreement

A Hong Kong law-governed agreement establishing terms and conditions for property rental, detailing rights and obligations of landlords and tenants.

Download

Agent Client Agreement

A Hong Kong law-governed agreement establishing the terms and conditions between an agent and their client, defining services, obligations, and compensation structure.

Download

Agency Representation Agreement

A Hong Kong law-governed agreement establishing and regulating the relationship between a principal and their appointed agent, defining authority, obligations, and commercial terms.

Download

Agency Listing Agreement

A Hong Kong-governed agreement between property owners and estate agents establishing terms for property listing and sale.

Download

Agency Client Contract

A Hong Kong law-governed agreement establishing the terms and conditions between an agency service provider and their client.

Download

Publication Agreement And Copyright License

A Hong Kong-governed agreement combining publication terms and copyright licensing between content creators and publishers, establishing rights, obligations, and commercial terms.

Download

Social Media Advertising Contract

A Hong Kong-governed agreement establishing terms and conditions for social media advertising services, including campaign execution, performance metrics, and compliance requirements.

Download

Tenants In Common Deed

A Hong Kong law-governed deed establishing property co-ownership rights and obligations under a tenants in common arrangement.

Download

Likeness License Agreement

A Hong Kong law-governed agreement that licenses an individual's likeness, image, or identifying characteristics for specific uses by another party.

Download

Booking Agent Agreement Non Exclusive

A Hong Kong law-governed agreement establishing non-exclusive booking agent representation terms, commission structures, and operational procedures.

Download

Contract Expired Letter To Employee

A formal Hong Kong-compliant letter notifying an employee of their fixed-term employment contract expiration and outlining final arrangements.

Download

First Meeting Minutes

Official minutes documenting the first board meeting resolutions of a newly incorporated Hong Kong company, recording essential corporate governance decisions and appointments.

Download

Security Guard Contract Of Employment

A Hong Kong-compliant employment contract for security guards, covering essential terms and conditions while meeting specific security industry requirements.

Download

Telework Agreement

A Hong Kong-compliant agreement establishing terms and conditions for remote work arrangements between employer and employee.

Download

Buyer Seller Contract

A Hong Kong law-governed agreement establishing terms and conditions for the sale and purchase of goods between buyer and seller.

Download

Staffing Agreement Contract

A Hong Kong-governed agreement between a staffing agency and client company establishing terms for temporary or permanent staffing services.

Download

Collateral Trust Agreement

A Hong Kong law agreement establishing a trust structure for holding and managing collateral on behalf of secured parties, setting out trustee powers, secured party rights, and enforcement procedures.

Download

Sole Proprietorship Invoice

A legal commercial document issued by Hong Kong sole proprietors for goods or services, compliant with local business and tax regulations.

Download

Buyer Broker Exclusive Agreement

A Hong Kong-governed exclusive agreement between a property buyer and real estate broker, establishing the broker's sole right to represent the buyer in property transactions.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now