Agreement Between Principal And Agent Template for Philippines

1. Intellectual Property Rights: Required when the agent will be handling or creating intellectual property

2. Sub-Agents: Include when the agent is permitted to appoint sub-agents

3. Insurance Requirements: Needed when the agent must maintain specific insurance coverage

4. Performance Targets: Include when the agency relationship is subject to specific performance metrics

5. Territory Restrictions: Required when the agent's authority is limited to specific geographic areas

6. Exclusive Agency Provisions: Include when granting exclusive rights to the agent

7. Data Protection and Privacy: Required when personal data processing is involved

8. Force Majeure: Optional clause for unforeseeable circumstances

9. Bank and Financial Details: Include when regular financial transactions are involved

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

2. Schedule B - Territory Description: Detailed description of geographic areas covered by the agency

3. Schedule C - Products or Services: List of products or services covered by the agency agreement

4. Schedule D - Reporting Templates: Standard forms and templates for required reports

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

6. Appendix 1 - Power of Attorney: Formal power of attorney document if required

7. Appendix 2 - Compliance Requirements: List of specific regulatory requirements and compliance obligations

8. Appendix 3 - Operating Procedures: Detailed procedures for agent's day-to-day operations