The Commercial Agency Agreement is essential for businesses seeking to expand their market presence through appointed representatives in Singapore and beyond. This document establishes the legal framework for principal-agent relationships, detailing commission structures, territorial rights, and performance expectations. It ensures compliance with Singapore's regulatory requirements, including the Civil Law Act and Agency Law principles, while protecting both parties' interests in the commercial relationship. The agreement is particularly vital for international trade relationships and local market penetration strategies.
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1. Parties: Identification and details of the Principal and Agent
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and territory/products covered
5. Rights and Obligations of Agent: Core responsibilities and authorized activities
6. Rights and Obligations of Principal: Principal's duties and commitments
7. Commission Structure: Payment terms, rates, and calculation methods
8. Term and Termination: Duration and termination provisions
9. Governing Law: Singapore law provisions and jurisdiction
1. Non-Compete: Restrictions on agent's other activities when exclusivity is required
2. Intellectual Property: IP rights and usage terms when brand or trademark usage is involved
3. Data Protection: PDPA compliance provisions when personal data processing is involved
4. Force Majeure: Provisions for unforeseen circumstances in long-term relationships
1. Territory Schedule: Detailed description of geographical coverage
2. Products Schedule: List of products/services covered by agreement
3. Commission Schedule: Detailed commission rates and calculations
4. KPI Schedule: Performance metrics and targets
5. Reporting Template: Standard format for regular reports
Relevant legal definitions
Agent
Agreement
Business Day
Commencement Date
Commission
Confidential Information
Customers
Effective Date
Force Majeure Event
Initial Term
Intellectual Property Rights
Net Sales
Party/Parties
Personal Data
Principal
Products
Quarter
Renewal Term
Sales Target
Services
Term
Territory
Trade Marks
Year
Working Hours
Agreement
Business Day
Commencement Date
Commission
Confidential Information
Customers
Effective Date
Force Majeure Event
Initial Term
Intellectual Property Rights
Net Sales
Party/Parties
Personal Data
Principal
Products
Quarter
Renewal Term
Sales Target
Services
Term
Territory
Trade Marks
Year
Working Hours
Clauses
Appointment and Authority
Territory and Exclusivity
Agent's Duties and Obligations
Principal's Duties and Obligations
Commission
Payment Terms
Sales Targets
Reporting Requirements
Marketing and Promotion
Confidentiality
Non-Competition
Intellectual Property
Representations and Warranties
Indemnification
Term and Duration
Termination
Post-Termination Obligations
Force Majeure
Assignment
Data Protection
Notices
Entire Agreement
Severability
Waiver
Amendment
Relationship of Parties
Governing Law
Dispute Resolution
Territory and Exclusivity
Agent's Duties and Obligations
Principal's Duties and Obligations
Commission
Payment Terms
Sales Targets
Reporting Requirements
Marketing and Promotion
Confidentiality
Non-Competition
Intellectual Property
Representations and Warranties
Indemnification
Term and Duration
Termination
Post-Termination Obligations
Force Majeure
Assignment
Data Protection
Notices
Entire Agreement
Severability
Waiver
Amendment
Relationship of Parties
Governing Law
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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