Agency Partnership Agreement for Singapore

Agency Partnership Agreement Template for Singapore

A comprehensive legal agreement governed by Singapore law that establishes and regulates the relationship between a principal and an agent. The agreement defines the scope of authority, responsibilities, territorial rights, compensation structure, and operational parameters of the agency relationship. It incorporates provisions compliant with Singapore's Partnership Act, Agency Law, and other relevant legislation, providing a framework for commercial representation and business development.

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What is a Agency Partnership Agreement?

The Agency Partnership Agreement is a crucial document for businesses seeking to expand their market presence through appointed representatives in Singapore. This agreement type is commonly used when a company (principal) wishes to authorize another party (agent) to act on its behalf in specific business activities. The agreement, governed by Singapore law, typically covers essential elements such as scope of authority, territory rights, commission structures, performance metrics, and compliance requirements. It provides legal protection for both parties while ensuring alignment with Singapore's Partnership Act and related regulations.

What sections should be included in a Agency Partnership Agreement?

1. Parties: Identification and details of the Principal and Agent

2. Background: Context and purpose of the agency partnership

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and scope of agency authority

5. Duration and Territory: Term of agreement and geographical scope

6. Rights and Obligations: Detailed responsibilities of both parties

7. Compensation: Commission structure and payment terms

8. Termination: Conditions and procedures for ending the agreement

What sections are optional to include in a Agency Partnership Agreement?

1. Non-Compete: Restrictions on competitive activities during and after the agreement term

2. Intellectual Property: IP ownership, usage rights and protection measures

3. Insurance: Insurance requirements, coverage obligations and liability provisions

4. Data Protection: PDPA compliance obligations and data handling procedures

What schedules should be included in a Agency Partnership Agreement?

1. Schedule 1 - Commission Structure: Detailed breakdown of commission calculations and payment terms

2. Schedule 2 - Territory Map: Geographical area of agency operations

3. Schedule 3 - Product List: Products or services covered by the agency

4. Schedule 4 - Performance Metrics: KPIs and performance evaluation criteria

5. Schedule 5 - Standard Operating Procedures: Detailed operational procedures and requirements

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

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Relevant Teams

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Relevant Roles

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Commercial Director
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Tender Agency Agreement

A Singapore-law governed agreement appointing an agent to manage tender processes, including preparation, evaluation, and administration of tenders.

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What is a Agency Partnership Agreement?

What sections should be included in a Agency Partnership Agreement?

What sections are optional to include in a Agency Partnership Agreement?

What schedules should be included in a Agency Partnership Agreement?

Authors

Alex Denne

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