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Intermediary Fee Agreement
"I need an Intermediary Fee Agreement for appointing a local Saudi agent to help secure government contracts in the defense sector, with a 5% success fee structure and strict compliance provisions, starting from March 2025."
1. Parties: Identification of the Principal and the Intermediary with full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the intermediary arrangement
3. Definitions: Key terms used throughout the agreement including 'Services', 'Territory', 'Target Business', 'Success Fee', etc.
4. Appointment and Scope: Terms of intermediary appointment, exclusivity/non-exclusivity, and detailed scope of services
5. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
6. Fees and Payment Terms: Structure of fees, payment schedules, currency, and payment methods compliant with Saudi regulations
7. Obligations of the Intermediary: Detailed responsibilities, performance standards, and compliance requirements
8. Obligations of the Principal: Support, information, and resources to be provided by the principal
9. Compliance and Anti-corruption: Compliance with Saudi laws, anti-bribery provisions, and regulatory requirements
10. Confidentiality: Protection of confidential information and trade secrets
11. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
12. Miscellaneous: Standard provisions including force majeure, notices, and amendments
1. Success Fee Structure: Detailed terms for success-based compensation, used when fee includes performance-based elements
2. Regulatory Registrations: Requirements for commercial agency registration, needed if arrangement falls under agency law
3. Islamic Finance Compliance: Specific provisions ensuring Sharia compliance, required for certain financial arrangements
4. Intellectual Property: IP protection clauses, needed when intermediary will handle proprietary information
5. Non-Competition: Restrictions on competing activities, used when exclusivity is required
6. Insurance: Insurance requirements, included when services involve significant risks
7. Training and Support: Details of training provided to intermediary, needed for complex service arrangements
1. Schedule 1 - Services Description: Detailed description of intermediary services and deliverables
2. Schedule 2 - Fee Structure: Detailed breakdown of fees, including calculations and payment milestones
3. Schedule 3 - Territory Definition: Geographic scope of the intermediary's authority
4. Schedule 4 - Compliance Requirements: Specific compliance obligations and reporting requirements
5. Schedule 5 - Key Performance Indicators: Performance metrics and evaluation criteria
6. Appendix A - Required Forms: Standard forms for service reports, invoicing, and compliance certification
7. Appendix B - Power of Attorney: If required, formal authorization of intermediary's authority
Authors
Applicable Laws
Business Day
Commencement Date
Confidential Information
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Intermediary Services
Key Performance Indicators
Material Breach
Notice
Opportunity
Principal
Principal's Business
Project
Regulatory Approvals
Relevant Authority
SAR
Services
Sharia Compliant
Success Fee
Target Business
Term
Territory
Third Party
Transaction
Working Hours
Zakat
Scope of Services
Term and Duration
Exclusivity
Fees and Commissions
Payment Terms
Performance Obligations
Representations and Warranties
Compliance and Anti-corruption
Regulatory Compliance
Sharia Compliance
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Indemnification
Limitation of Liability
Force Majeure
Termination
Consequences of Termination
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Third Party Rights
Counterparts
Language
Registration Requirements
Record Keeping
Reporting Obligations
Insurance
Time of Essence
Relationship of Parties
Authority and Capacity
Anti-Money Laundering
Data Protection
Business Ethics
Oil & Gas
Construction
Healthcare
Technology
Defense
Manufacturing
Financial Services
Real Estate
Infrastructure
Telecommunications
Professional Services
Retail
Education
Transport & Logistics
Legal
Commercial
Business Development
Compliance
Finance
Operations
Risk Management
Corporate Secretariat
Strategy
Sales
Government Relations
International Business
Legal Counsel
Commercial Director
Business Development Manager
Compliance Officer
Chief Financial Officer
Contracts Manager
General Manager
Country Manager
Sales Director
Operations Director
Risk Manager
Corporate Secretary
Commercial Agency Manager
Strategy Director
Regional Director
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