The Principal Agency Agreement is a crucial document for businesses operating through agents in Singapore. It formalizes the appointment of an agent to act on behalf of a principal, defining the scope of authority, territories, and commission structures. This agreement type is particularly important in Singapore's business environment, where agency relationships are common in various sectors and must comply with local laws including the Civil Law Act and relevant industry regulations. The document typically includes comprehensive provisions for duties, obligations, performance metrics, and termination rights, providing clarity and protection for both parties.
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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's appointment and scope of authority
5. Duration and Termination: Term of agreement and termination provisions
6. Duties and Obligations of Agent: Agent's responsibilities and performance standards
7. Remuneration: Commission structure and payment terms
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law and jurisdiction
1. Non-Competition: Restrictions on agent's competitive activities
2. Intellectual Property: IP rights and usage provisions when IP is involved in the agency relationship
3. Insurance: Insurance requirements and coverage specifications
4. Data Protection: PDPA compliance provisions for personal data processing
5. Force Majeure: Provisions for handling unforeseen circumstances and risk allocation
1. Territory Schedule: Defined geographical area of agency
2. Commission Schedule: Detailed commission structure and calculations
3. Products/Services Schedule: List of products/services covered by the agency
4. Performance Metrics: KPIs and performance standards
5. Approved Sub-agents: List of authorized sub-agents if applicable
Relevant legal definitions
Agreement
Agent
Approved Sub-agents
Business Day
Commencement Date
Commission
Confidential Information
Effective Date
Force Majeure Event
Intellectual Property Rights
Net Sales
Performance Metrics
Principal
Products
Services
Target
Term
Territory
Trade Marks
Working Hours
Applicable Laws
Authorised Representative
Commission Period
Customer
Documentation
Material Breach
Minimum Performance Requirements
Notice
Related Corporation
Sales Report
Agent
Approved Sub-agents
Business Day
Commencement Date
Commission
Confidential Information
Effective Date
Force Majeure Event
Intellectual Property Rights
Net Sales
Performance Metrics
Principal
Products
Services
Target
Term
Territory
Trade Marks
Working Hours
Applicable Laws
Authorised Representative
Commission Period
Customer
Documentation
Material Breach
Minimum Performance Requirements
Notice
Related Corporation
Sales Report
Clauses
Appointment
Authority and Scope
Territory
Duration and Term
Agent's Duties and Obligations
Principal's Duties and Obligations
Commission and Payment
Performance Standards
Reporting Requirements
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Representations and Warranties
Indemnification
Limitation of Liability
Insurance
Sub-Agents
Termination
Post-Termination Obligations
Force Majeure
Assignment
Notices
Data Protection
Compliance with Laws
Anti-Bribery and Corruption
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Waiver
Third Party Rights
Counterparts
Authority and Scope
Territory
Duration and Term
Agent's Duties and Obligations
Principal's Duties and Obligations
Commission and Payment
Performance Standards
Reporting Requirements
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Representations and Warranties
Indemnification
Limitation of Liability
Insurance
Sub-Agents
Termination
Post-Termination Obligations
Force Majeure
Assignment
Notices
Data Protection
Compliance with Laws
Anti-Bribery and Corruption
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendments
Waiver
Third Party Rights
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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