The Agent Commission Agreement is essential for businesses operating in Singapore that rely on external agents or representatives to sell their products or services. This document formalizes the commercial relationship between principals and their agents, providing clear guidelines on commission structures, performance expectations, and territorial rights. It ensures compliance with Singapore's legal framework while protecting both parties' interests through detailed terms covering payment, obligations, and termination conditions. The agreement is particularly important in regulated industries where specific compliance requirements must be met.
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1. Parties: Identifies and defines the principal and agent, including full legal names and addresses
2. Background: Explains the context and purpose of the agreement, including the principal's business and need for an agent
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope: Details of agent's appointment, territory, and scope of authority
5. Commission Structure: Detailed explanation of commission calculations, rates, and payment terms
6. Obligations of the Agent: Agent's duties, responsibilities, and performance requirements
7. Obligations of the Principal: Principal's duties and responsibilities to the agent
8. Term and Termination: Duration of agreement and circumstances for termination
9. Governing Law: Specifies Singapore law as governing law and jurisdiction
1. Exclusivity: Terms of exclusive/non-exclusive arrangement for territory or product representation
2. Intellectual Property: Rights and restrictions regarding use of trademarks and intellectual property
3. Non-Compete: Restrictions on competitive activities during and after the agreement term
4. Insurance: Required insurance coverage and minimum coverage amounts
5. Force Majeure: Provisions for handling unforeseen circumstances and force majeure events
1. Commission Schedule: Detailed breakdown of commission rates and calculations
2. Territory Schedule: Detailed description of geographical territory covered by the agreement
3. Products/Services Schedule: List of products/services covered by the agreement
4. Performance Targets: Specific sales targets or KPIs for the agent
5. Reporting Templates: Standard forms for regular reporting requirements
Relevant legal definitions
Clauses
Appointment
Scope of Authority
Territory Rights
Commission Structure
Payment Terms
Performance Requirements
Reporting Obligations
Confidentiality
Non-Compete
Non-Solicitation
Intellectual Property
Termination
Force Majeure
Indemnification
Insurance
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Scope of Authority
Territory Rights
Commission Structure
Payment Terms
Performance Requirements
Reporting Obligations
Confidentiality
Non-Compete
Non-Solicitation
Intellectual Property
Termination
Force Majeure
Indemnification
Insurance
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Relevant Industries
Relevant Teams
Relevant Roles
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