Agency Representation Agreement for Singapore

Agency Representation Agreement Template for Singapore

A comprehensive legal agreement governed by Singapore law that establishes and regulates the relationship between a principal and their appointed agent. The document outlines the scope of authority, duties, compensation, and terms of representation, incorporating specific requirements under Singapore's Civil Law Act and relevant agency regulations. It provides clear guidelines for both parties while ensuring compliance with local legal requirements and industry-specific regulations.

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What is a Agency Representation Agreement?

The Agency Representation Agreement is a crucial document used when one party (principal) wishes to appoint another party (agent) to act on their behalf in Singapore. This agreement is particularly important in the Singapore business context, where agency relationships are common in various sectors and are governed by strict legal frameworks. The document typically includes detailed provisions on authority scope, territory, commission structures, and compliance with local regulations. It serves as a comprehensive framework for managing the principal-agent relationship while ensuring adherence to Singapore's legal requirements and business practices.

What sections should be included in a Agency Representation Agreement?

1. Parties: 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 and Scope: Terms of appointment and scope of authority

5. Duration: Term of the agreement including commencement date

6. Duties and Responsibilities: Obligations of both parties

7. Compensation: Commission structure and payment terms

8. Termination: Conditions for ending the agreement

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

1. Territory: Geographic scope of authority - include when territorial restrictions apply

2. Exclusivity: Whether the appointment is exclusive - include when granting exclusive rights

3. Sub-agents: Rights to appoint sub-agents - include when sub-delegation may be needed

4. Non-compete: Restrictions on competition - include when business interests need protection

What schedules should be included in a Agency Representation Agreement?

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

2. Territory Map Schedule: Visual representation of geographic territory where agent is authorized to operate

3. Products and Services Schedule: Comprehensive list of products or services covered by the agreement

4. Performance Metrics Schedule: Detailed KPIs and performance evaluation criteria for the agent

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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Free to use

Relevant legal definitions

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Real Estate
Manufacturing
Financial Services
Import/Export
Retail

Relevant Teams

Legal
Sales
Business Development
Operations
Finance

Relevant Roles

Business Development Manager
Sales Director
Commercial Director
Legal Counsel
Regional Manager

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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 Representation Agreement?

What sections should be included in a Agency Representation Agreement?

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

What schedules should be included in a Agency Representation Agreement?

Authors

Alex Denne

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