Sourcing Agent Agreement for Ireland

Sourcing Agent Agreement Template for Ireland

A comprehensive legal agreement governed by Irish law that establishes and regulates the relationship between a company (the principal) and a sourcing agent. The agreement details the agent's authority to identify, negotiate with, and manage suppliers on behalf of the principal. It includes provisions for territory restrictions, commission structures, performance expectations, quality control requirements, and compliance with Irish and EU regulations. The document addresses key aspects such as confidentiality, intellectual property rights, termination conditions, and dispute resolution mechanisms, while ensuring compliance with the European Communities (Commercial Agents) Regulations 1994 and other relevant Irish legislation.

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What is a Sourcing Agent Agreement?

The Sourcing Agent Agreement is essential for businesses operating in Ireland who wish to engage professional agents to manage their procurement and supplier relationships. This document is particularly crucial when companies seek to expand their supplier base, enter new markets, or optimize their supply chain operations. The agreement, governed by Irish law, provides a legal framework that defines the scope of the agent's authority, compensation structure, and obligations while ensuring compliance with Irish and EU regulations, including the European Communities (Commercial Agents) Regulations 1994. It's commonly used in international trade scenarios where companies need local expertise in specific markets or territories. The document includes detailed provisions for supplier identification, negotiation, quality control, and ongoing relationship management, making it vital for businesses looking to establish effective and compliant sourcing operations.

What sections should be included in a Sourcing Agent Agreement?

1. Parties: Identification of the principal company and the sourcing agent, including full legal names and registered addresses

2. Background: Context of the agreement, brief description of the principal's business and need for sourcing services

3. Definitions: Key terms used throughout the agreement, including 'Products', 'Territory', 'Suppliers', 'Commission', etc.

4. Appointment and Scope: Terms of agent appointment, exclusivity/non-exclusivity, and detailed scope of sourcing services

5. Territory and Products: Specific geographical areas and products covered by the agreement

6. Agent's Duties and Responsibilities: Detailed obligations including supplier identification, negotiation, quality control, and reporting

7. Principal's Obligations: Support, information, and resources to be provided by the principal

8. Commission and Payment Terms: Calculation of commission, payment schedule, currency, and payment methods

9. Compliance and Ethics: Requirements for compliance with laws, anti-corruption policies, and ethical business practices

10. Confidentiality: Protection of confidential information and trade secrets

11. Term and Termination: Duration of agreement, renewal terms, and termination provisions

12. General Provisions: Standard clauses including governing law, notices, entire agreement, and amendments

What sections are optional to include in a Sourcing Agent Agreement?

1. Intellectual Property Rights: Required when the agent may encounter or develop IP during sourcing activities

2. Non-Competition: Include when restricting the agent from working with competitors

3. Insurance: Needed when specific insurance coverage is required from the agent

4. Force Majeure: Important for international sourcing to address unforeseen circumstances

5. Data Protection: Required when personal data processing is involved in the sourcing activities

6. Dispute Resolution: Include specific dispute resolution procedures, especially for international relationships

7. Performance Targets: Include when setting specific sourcing targets or KPIs

8. Training and Support: Needed when the principal provides specific training or support systems

What schedules should be included in a Sourcing Agent Agreement?

1. Schedule 1 - Products: Detailed list of products or product categories to be sourced

2. Schedule 2 - Territory: Detailed description of geographical territories covered

3. Schedule 3 - Commission Structure: Detailed breakdown of commission calculations and examples

4. Schedule 4 - Reporting Requirements: Templates and schedules for required reports

5. Schedule 5 - Quality Standards: Specific quality requirements and inspection procedures

6. Schedule 6 - Approved Suppliers: List of pre-approved suppliers, if any

7. Appendix A - Code of Conduct: Ethical guidelines and compliance requirements

8. Appendix B - Service Level Agreement: Specific performance metrics and service standards

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

Ireland

Publisher

Genie AI

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Retail

Fashion and Apparel

Electronics

Consumer Goods

Industrial Equipment

Food and Beverage

Pharmaceuticals

Automotive

Textiles

Construction Materials

Technology Hardware

Relevant Teams

Procurement

Legal

Supply Chain

Operations

Compliance

Finance

Commercial

Vendor Management

International Trade

Risk Management

Relevant Roles

Procurement Manager

Supply Chain Director

Sourcing Specialist

Legal Counsel

Commercial Director

Operations Manager

Contract Manager

Chief Procurement Officer

Supply Chain Manager

Purchasing Manager

Vendor Relations Manager

Global Sourcing Manager

Legal Operations Manager

Compliance Officer

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

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