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Sales Broker Agreement
"I need a Sales Broker Agreement for appointing an exclusive broker to sell our medical equipment in Saudi Arabia's Western Region, with a 10% commission structure and minimum quarterly sales targets, starting March 2025."
1. Parties: Identification of the principal company and the broker, including full legal names, commercial registration numbers, and authorized representatives
2. Background: Context of the agreement, introduction of the principal's business, and purpose of engaging a broker
3. Definitions: Key terms used throughout the agreement, including Products, Territory, Customers, Commission, etc.
4. Appointment and Scope: Terms of broker's appointment, whether exclusive or non-exclusive, and detailed scope of services
5. Territory: Defined geographical area where the broker is authorized to operate
6. Broker's Rights and Obligations: Detailed responsibilities, reporting requirements, and performance standards
7. Principal's Rights and Obligations: Support to be provided, information sharing, and other obligations of the principal
8. Commission Structure: Detailed commission calculations, payment terms, and conditions for commission eligibility
9. Term and Termination: Duration of agreement, renewal terms, and grounds for termination
10. Confidentiality: Protection of confidential information and trade secrets
11. Compliance with Laws: Obligation to comply with Saudi laws, including Commercial Agency Law and Sharia principles
12. Governing Law and Dispute Resolution: Specification of Saudi law as governing law and dispute resolution mechanisms
1. Non-Competition: Restrictions on broker's ability to represent competing products/services - include when exclusivity is important
2. Training and Support: Details of training provided by principal - include for complex products/services
3. Performance Targets: Specific sales targets and consequences - include when performance metrics are crucial
4. Marketing and Promotion: Marketing responsibilities and cost allocation - include when broker has marketing duties
5. Insurance Requirements: Specific insurance coverage requirements - include for high-value transactions
6. Force Majeure: Provisions for unforeseen circumstances - include for long-term agreements
7. Data Protection: Compliance with data protection laws - include when handling sensitive customer data
8. Intellectual Property: IP rights and usage terms - include when broker will use principal's brands/trademarks
1. Schedule 1 - Products/Services: Detailed list of products/services covered by the agreement
2. Schedule 2 - Commission Rates: Detailed commission structure, including any variations by product/customer type
3. Schedule 3 - Territory Map: Detailed mapping of the geographical territory covered
4. Schedule 4 - Reporting Templates: Standard forms for regular activity and sales reporting
5. Schedule 5 - Performance Metrics: Detailed KPIs and measurement criteria
6. Appendix A - Power of Attorney: If required, specific powers granted to broker
7. Appendix B - Compliance Procedures: Detailed compliance requirements and procedures
8. Appendix C - Required Registrations: List of required registrations and licenses under Saudi law
Authors
Applicable Laws
Approved Customers
Broker
Business Day
Commission
Confidential Information
Effective Date
Force Majeure Event
Good Faith
Intellectual Property Rights
Net Sales Price
Order
Performance Targets
Principal
Products
Quarter
Regulatory Approvals
Sales Report
Services
Sharia Compliant
Target Market
Term
Territory
Third Party
Trade Marks
Valid Claim
Working Hours
Year
Authority
Territory
Exclusivity
Commission
Payment Terms
Performance Obligations
Regulatory Compliance
Registration Requirements
Reporting
Confidentiality
Non-Competition
Term and Duration
Termination
Force Majeure
Representations and Warranties
Indemnification
Insurance
Intellectual Property
Training and Support
Marketing and Promotion
Record Keeping
Audit Rights
Assignment
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Counterparts
Language
Compliance with Laws
Anti-Corruption
Data Protection
Force Majeure
Manufacturing
Consumer Goods
Industrial Equipment
Technology
Healthcare
Construction Materials
Automotive
Energy
Telecommunications
Professional Services
Real Estate
Financial Services
Retail
Wholesale Distribution
Legal
Sales
Business Development
Compliance
Commercial
Operations
Finance
Risk Management
International Business
Strategy
Chief Commercial Officer
Sales Director
Business Development Manager
Legal Counsel
Compliance Officer
Commercial Director
Regional Sales Manager
Channel Manager
Contracts Manager
General Counsel
Chief Executive Officer
Operations Director
Market Entry Specialist
Distribution Manager
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