The Sourcing Agent Agreement is essential for companies looking to establish a formal procurement presence in India or to source products and materials from Indian suppliers. This document is particularly crucial in today's globalized supply chain environment where companies need local expertise and representation in key sourcing markets. The agreement, governed by Indian law, provides a structured framework for the appointment of sourcing agents, defining their authority to identify and negotiate with suppliers, conduct quality inspections, and manage supplier relationships. It addresses key aspects such as commission structures, performance metrics, compliance requirements, and risk allocation, while ensuring alignment with Indian legal requirements including the Indian Contract Act, 1872, and relevant foreign trade regulations. The document is designed to protect both parties' interests while facilitating efficient sourcing operations.
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.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the Principal and the Sourcing Agent with their complete legal details
2. Background: Context of the agreement and brief description of the parties' intention to enter into a sourcing arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Formal appointment of the agent and detailed scope of sourcing services
5. Term: Duration of the agreement, including commencement date and renewal terms
6. Agent's Obligations: Detailed responsibilities and duties of the sourcing agent
7. Principal's Obligations: Responsibilities and commitments of the principal
8. Compensation: Commission structure, payment terms, and expenses reimbursement
9. Reporting Requirements: Regular reporting obligations and documentation requirements
10. Confidentiality: Protection of confidential information and trade secrets
11. Non-Competition: Restrictions on agent's activities with competing businesses
12. Termination: Grounds for termination and termination process
13. Post-Termination Obligations: Obligations of parties after agreement termination
14. General Provisions: Standard legal provisions including notices, amendments, governing law, etc.
1. Intellectual Property Rights: Protection and ownership of IP rights when the sourcing involves product development or design
2. Quality Control: Specific quality standards and inspection procedures when dealing with manufacturing
3. Exclusivity: Terms of exclusive arrangement if the agent is granted exclusive rights
4. Insurance: Insurance requirements when dealing with high-value products or specific risks
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant for international sourcing
6. Compliance with Laws: Specific compliance requirements when dealing with regulated industries or products
7. Sub-Contracting: Terms for engaging sub-agents or third parties if permitted
8. Dispute Resolution: Detailed dispute resolution mechanism including mediation or arbitration procedures
1. Schedule A - Products/Services: Detailed list of products or services to be sourced
2. Schedule B - Territory: Geographic areas covered by the sourcing arrangement
3. Schedule C - Commission Structure: Detailed breakdown of commission rates and calculation methods
4. Schedule D - Quality Standards: Specific quality requirements and standards for sourced products
5. Schedule E - Approved Suppliers: List of pre-approved suppliers if applicable
6. Schedule F - Reporting Format: Templates and formats for required reports
7. Schedule G - Key Performance Indicators: Specific performance metrics and targets
8. Appendix 1 - Power of Attorney: Format of power of attorney if required for agent's activities
Relevant legal definitions
Agreement
Applicable Laws
Approved Suppliers
Business Day
Commencement Date
Confidential Information
Commission
Competitor
Deliverables
Effective Date
Force Majeure Event
Intellectual Property Rights
Key Performance Indicators
Notice
Products
Principal
Purchase Order
Quality Standards
Related Party
Representatives
Services
Sourcing Agent
Specifications
Supplier
Target Price
Term
Territory
Trade Secrets
Working Hours
Applicable Laws
Approved Suppliers
Business Day
Commencement Date
Confidential Information
Commission
Competitor
Deliverables
Effective Date
Force Majeure Event
Intellectual Property Rights
Key Performance Indicators
Notice
Products
Principal
Purchase Order
Quality Standards
Related Party
Representatives
Services
Sourcing Agent
Specifications
Supplier
Target Price
Term
Territory
Trade Secrets
Working Hours
Clauses
Appointment
Agency
Services
Term and Termination
Compensation
Payment
Commission
Expenses
Performance Obligations
Due Diligence
Quality Control
Reporting
Compliance
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Indemnification
Limitation of Liability
Insurance
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Waiver
Authority
Relationship of Parties
Third Party Rights
Counterparts
Good Faith
Record Keeping
Audit Rights
Data Protection
Anti-Corruption
Export Control
Agency
Services
Term and Termination
Compensation
Payment
Commission
Expenses
Performance Obligations
Due Diligence
Quality Control
Reporting
Compliance
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Indemnification
Limitation of Liability
Insurance
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Waiver
Authority
Relationship of Parties
Third Party Rights
Counterparts
Good Faith
Record Keeping
Audit Rights
Data Protection
Anti-Corruption
Export Control
Relevant Industries
Manufacturing
Retail
Textiles and Apparel
Electronics
Automotive
Consumer Goods
Industrial Equipment
Food and Beverage
Pharmaceuticals
Construction Materials
Relevant Teams
Procurement
Legal
Supply Chain
Operations
Commercial
Finance
Quality Assurance
International Trade
Vendor Management
Risk Management
Relevant Roles
Procurement Manager
Supply Chain Director
Sourcing Specialist
Legal Counsel
Commercial Director
Operations Manager
Vendor Manager
Category Manager
Chief Procurement Officer
Purchasing Manager
Contract Manager
Supply Chain Analyst
International Trade Specialist
Quality Assurance Manager
Find the exact document you need
Limited Agency Agreement (Real Estate)
An Indian law-compliant agreement establishing a limited agency relationship between a property owner and real estate agent, governed by RERA and contract law.
find out more
Buyer Commission Agreement (Real Estate)
An Indian law-compliant agreement between a real estate agent and property buyer establishing terms for property search services and commission payment.
find out more
Agency Of Record Contract
An Indian law-governed agreement establishing an official partnership between a company and its primary advertising/marketing agency.
find out more
Del Credere Agent Agreement
An Indian law-governed agreement establishing a del credere agency relationship where the agent acts as both sales representative and payment guarantor for customer transactions.
find out more
Agent Representative Agreement
An India-governed agreement establishing and regulating the relationship between a principal and their appointed agent, defining rights, obligations, and commercial terms.
find out more
Agreement For Security Services
An Indian law-governed agreement between a security service provider and client organization for professional security services provision, compliant with PSAR Act 2005.
find out more
Marketing Agency Client Contract
An Indian law-governed agreement between a marketing agency and client defining marketing services, deliverables, and mutual obligations.
find out more
Carrying And Forwarding Agent Agreement
An Indian law-governed agreement appointing an agent to handle storage, transportation, and distribution of products within a specified territory.
find out more
NDA For Marketing Agency
An Indian law-governed NDA tailored for protecting confidential information shared with marketing agencies during business engagements.
find out more
Sole Selling Rights Agreement
An Indian law-governed agreement establishing exclusive selling rights between a manufacturer and sole selling agent, defining territorial rights and commercial terms.
find out more
Tender Agency Agreement
An Indian law-governed agreement appointing a tender agent to manage tender processes, detailing services, responsibilities, and compliance requirements.
find out more
Temporary Employment Agreement
An Indian law-compliant fixed-term employment contract establishing temporary employment terms and conditions between employer and employee.
find out more
Sole Selling Agreement
An Indian law-compliant agreement establishing exclusive selling rights between a principal and selling agent, defining territory and terms of exclusive distribution.
find out more
Limited Agency Agreement
An Indian law-governed agreement establishing a restricted agency relationship between principal and agent, defining specific authority limits and operational boundaries.
find out more
Contract For Agency Agreement
An Indian law-governed agreement establishing a principal-agent relationship, defining authority scope, obligations, and commercial terms.
find out more
Buyer Commission Agreement
An Indian law-governed agreement establishing terms between a principal buyer and their commission agent for procurement services.
find out more
Staffing Agency Contract With Client
An Indian law-governed agreement between a staffing agency and client company for the provision of contract workforce services, ensuring compliance with local labor laws and regulations.
find out more
International Agency Agreement
An Indian law-governed agreement establishing and regulating the relationship between a principal company and its international commercial agent.
find out more
Employment Agency Contract With Client
An Indian law-governed agreement between an employment agency and client company establishing terms for recruitment services and regulatory compliance.
find out more
Broker Agreement Commission
An Indian law-governed agreement establishing brokerage terms and commission structures between a principal and broker, defining their rights and obligations.
find out more
Agent Referral Agreement
An Indian law-governed agreement establishing terms for business referrals between a principal and an agent, including commission structure and compliance requirements.
find out more
Agency Client Contract
An India-governed agreement establishing the terms and conditions between an agency and its client, including service scope, responsibilities, and commercial terms.
find out more
Staffing Agency Agreement Temporary And Permanent Contract
An Indian law-governed agreement for temporary staffing and permanent placement services between a staffing agency and client company.
find out more
Agency Master Services Agreement
An Indian law-governed agreement establishing the terms and conditions of an agency relationship between a principal and its appointed agent, including service scope, rights, and obligations.
find out more
Buyer Broker Agreement Form
An Indian law-governed agreement establishing terms between a property buyer and real estate broker, compliant with RERA regulations.
find out more
Buyers Rep Agreement
An Indian law-governed agreement establishing the terms and conditions between a property buyer and their appointed representative, ensuring RERA compliance and defining service scope.
find out more
Agency Agreement For Sale Of Residential Property
An Indian law-compliant agreement establishing terms for real estate agent representation in residential property sales, subject to RERA regulations.
find out more
Booking Agent Agreement
An Indian law-governed agreement establishing terms between a booking agent and their client for professional representation and booking services.
find out more
Buyer's Agent Agreement
An Indian law-governed agreement establishing the terms and conditions between a property buyer and their real estate agent, ensuring RERA compliance and defining service scope and compensation.
find out more
Booking Agent Contract
An Indian law-governed agreement establishing the terms and conditions between a booking agent and their client for securing and managing performance bookings.
find out more
Software License And Service Agreement
An Indian law-governed agreement establishing terms for software licensing and related services, including usage rights, service commitments, and compliance requirements.
find out more
Real Estate Broker Agreement
An India-compliant agreement establishing terms between a real estate broker and client, governed by RERA and state regulations.
find out more
Real Estate Agent Referral Agreement
An India-compliant agreement governing real estate agent referral arrangements, including fee structures and RERA compliance requirements.
find out more
Broker Agent Agreement
An Indian law-governed agreement establishing the terms and conditions between a principal and their appointed broker/agent, including scope, commission, and obligations.
find out more
Insurance Agent Agreement
An Indian law-governed agreement between an insurance company and its agent, establishing terms of appointment and compliance with IRDAI regulations.
find out more
Tenant Agency Agreement
An Indian law-governed agreement between property owners and tenant agencies for property management and leasing services.
find out more
Temporary Staffing Agreement
An Indian law-governed agreement between a staffing agency and client company for temporary workforce provision, ensuring compliance with Indian labor laws and defining service terms.
find out more
Temporary Service Agreement
An Indian law-governed agreement establishing temporary service arrangements between a provider and recipient, including service scope, duration, and key commercial terms.
find out more
Temp To Hire Agreement
An Indian law-compliant agreement establishing temporary employment terms with provision for conversion to permanent employment status.
find out more
Temp Agency Contract
An Indian law-compliant agreement between a temporary staffing agency and client company for the provision of temporary workers, governed by Contract Labour Act and related regulations.
find out more
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
.png)
.png)