Limited Agency Agreement Template for India

1. Parties: Identification of the Principal and Agent with full legal names and addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Express appointment of agent and detailed description of authorized activities

5. Term: Duration of the agency relationship, including start date and termination conditions

6. Agent's Authority: Specific powers granted to the agent and their limitations

7. Agent's Duties and Obligations: Detailed responsibilities of the agent including reporting requirements

8. Principal's Obligations: Principal's responsibilities including provision of information and support

9. Compensation: Fee structure, commission rates, and payment terms

10. Confidentiality: Protection of confidential information and trade secrets

11. Non-Competition: Restrictions on agent's ability to compete or represent competitors

12. Termination: Grounds for termination and notice requirements

13. Post-Termination Obligations: Obligations surviving termination including handover of materials

14. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

1. Schedule 1 - Territory: Detailed description of geographical areas where agent is authorized to act

2. Schedule 2 - Products/Services: List of specific products or services covered by the agency

3. Schedule 3 - Commission Structure: Detailed breakdown of commission rates and calculation methods

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

5. Schedule 5 - Key Performance Indicators: Specific performance metrics and targets

6. Appendix A - Power of Attorney: If required, specific powers granted to agent in legal format

7. Appendix B - Standard Operating Procedures: Detailed procedures for agent's day-to-day operations