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The Purchase Agency Agreement is essential for businesses seeking to establish formal purchasing representation in specific markets or territories. This document, governed by Belgian law, creates a framework for a commercial relationship where an agent is authorized to source and purchase products or materials on behalf of a principal company. It must comply with Belgian commercial agency laws, including the Law on Commercial Agency Agreements of 13 April 1995, which implements EU Directive 86/653/EEC. The agreement typically includes detailed provisions on purchasing authority, territorial scope, commission structures, performance metrics, and reporting requirements. It's particularly useful for companies expanding their procurement operations or seeking local representation in specific markets, while ensuring compliance with Belgian legal requirements regarding agency relationships, termination rights, and post-termination compensation.

1. Parties: Identification of the Principal and the Agent, including full legal names, registration details, and registered addresses

2. Background: Context of the agreement, brief description of the parties' businesses, and purpose of the agency relationship

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Appointment and Scope: Formal appointment of the Agent, territory, and scope of authority

5. Duration and Term: Period of the agreement, including start date and whether fixed-term or indefinite

6. Agent's Rights and Obligations: Detailed responsibilities, including purchase obligations, reporting requirements, and performance standards

7. Principal's Rights and Obligations: Principal's commitments, including supply obligations, support, and information provision

8. Financial Terms: Commission structure, payment terms, expenses, and accounting procedures

9. Reporting and Performance Review: Requirements for regular reporting, performance metrics, and review procedures

10. Intellectual Property Rights: Protection and usage rights of trademarks, logos, and other IP

11. Confidentiality: Obligations regarding confidential information and trade secrets

12. Non-Competition and Non-Solicitation: Restrictions during and after the agreement term

13. Termination: Grounds for termination, notice requirements, and consequences

14. Post-Termination: Rights and obligations after termination, including compensation and handover requirements

15. General Provisions: Standard clauses including notices, amendments, assignment, and governing law