The Company Agency Agreement is a crucial document used when businesses need to expand their reach through authorized representatives. This agreement, governed by U.S. federal and state laws, establishes the framework for a company to act on behalf of another in specified business activities. The document typically covers key aspects such as scope of authority, compensation, territory rights, performance expectations, and termination provisions. It's particularly important for businesses looking to expand into new markets or distribute products/services through third-party companies while maintaining control over their brand and business interests.
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1. Parties: Identification of principal and agent parties
2. Background: Context and purpose of the agency relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Authority: Scope of agent's appointment and authorized activities
5. Duties and Responsibilities: Specific obligations of both principal and agent
6. Compensation: Payment terms and commission structure
7. Term and Termination: Duration and conditions for ending the agreement
1. Non-Compete: Restrictions on agent's competitive activities during and after the agreement term
2. Territory: Geographic scope of agency and territorial restrictions
3. Performance Targets: Specific goals, metrics and performance requirements for the agent
1. Commission Schedule: Detailed breakdown of commission calculations and payment structure
2. Territory Map: Geographic boundaries and mapping of agent's authorized territory
3. Product List: Comprehensive list of products or services covered by the agency agreement
4. Performance Metrics: Detailed key performance indicators and measurement criteria
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