Agency Agreement Template for Singapore

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Key Requirements PROMPT example:

Agency Agreement

"I need an Agency Agreement for appointing a sales representative in Singapore to distribute our manufacturing equipment, with exclusive rights in the territory and a commission structure based on quarterly sales targets, starting from March 2025."

Document background
The Agency Agreement is a crucial commercial document used when one party wishes to appoint another to act on their behalf in Singapore. This agreement type is particularly important in Singapore's business environment, where agents frequently facilitate international trade and local business operations. The document typically includes detailed provisions on authority scope, territory restrictions, commission structures, and compliance with Singapore's regulatory requirements. Agency Agreements are essential for protecting both principals and agents while ensuring clear accountability and risk allocation in the agency relationship.
Suggested Sections

1. Parties: Identification and details of the principal and agent

2. Background: Context and purpose of the agency relationship

3. Definitions: Key terms used throughout the agreement

4. Appointment: Scope and nature of agency appointment

5. Agent's Rights and Obligations: Core duties and rights of the agent

6. Principal's Rights and Obligations: Core duties and rights of the principal

7. Commission/Remuneration: Payment terms and calculation method

8. Term and Termination: Duration and termination provisions

Optional Sections

1. Territory: Geographic scope of agency, used for territorial restrictions

2. Non-Competition: Restrictions on competitive activities, if applicable

3. Performance Targets: Specific targets or KPIs, if performance-based

4. Marketing and Promotion: Marketing obligations, if relevant to agency scope

5. Insurance: Insurance requirements, if specific coverage needed

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission structure and calculations

2. Territory Schedule: Detailed description of geographical territory

3. Products/Services Schedule: List of products/services covered by agency

4. Performance Metrics: Detailed KPIs and measurement criteria

5. Agency Procedures Manual: Operational procedures and guidelines

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Civil Law Act (Cap. 43): Primary legislation governing general contract law principles and requirements for contract formation and validity in Singapore

Singapore Agency Law: Common law principles derived from English law that govern agency relationships and responsibilities

Commercial Agents (Rights and Duties) Act: Regulates commercial agency relationships and outlines specific rights and obligations of agents

Electronic Transactions Act: Governs electronic execution and validity of contracts in Singapore, relevant for digitally executed agreements

Companies Act (Cap. 50): Regulates company operations including authority to enter into agency relationships for Singapore-registered companies

Competition Act (Cap. 50B): Ensures agency agreements comply with competition law and don't contain anti-competitive provisions

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in Singapore, relevant if personal data is processed under the agreement

Consumer Protection (Fair Trading) Act: Protects consumer interests in commercial transactions, applicable if agency involves consumer-facing activities

Third Parties (Rights against Insurers) Act: Specific legislation governing insurance agency relationships and third-party rights

Insurance Act: Specific regulations for insurance agents and insurance-related agency agreements

Securities and Futures Act: Governs financial agents and intermediaries in securities and futures markets

Estate Agents Act: Specific legislation governing real estate agents and property transactions

Travel Agents Act: Regulates travel agents and tourism-related agency agreements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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