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Sub Agency Agreement
I need a Sub Agency Agreement under Danish law for appointing a sub-agent to sell our industrial equipment in Western Denmark, with exclusive territory rights and minimum sales targets of 500,000 EUR per quarter, starting March 1, 2025.
1. Parties: Identification of the principal agent and sub-agent, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including reference to the main agency agreement and basis for sub-agency appointment
3. Definitions: Definitions of key terms used throughout the agreement, including Territory, Products, Principal, Main Agency Agreement, etc.
4. Appointment and Scope: Terms of sub-agent appointment, scope of authority, and territorial restrictions
5. Duration and Termination: Term of the agreement, renewal provisions, and grounds for termination
6. Sub-Agent's Rights and Obligations: Detailed responsibilities, reporting requirements, and performance standards
7. Principal Agent's Rights and Obligations: Support to be provided, information sharing, and oversight responsibilities
8. Commission and Payment Terms: Commission structure, calculation method, payment terms, and any minimum performance requirements
9. Intellectual Property Rights: Usage rights for trademarks, logos, and other IP during the sub-agency
10. Confidentiality: Protection of confidential information and trade secrets
11. Non-Competition and Non-Solicitation: Restrictions during and after the agreement term
12. Indemnification and Liability: Mutual indemnification provisions and limitation of liability
13. General Provisions: Standard clauses including notices, amendments, assignment, severability, and entire agreement
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Data Protection: Detailed GDPR compliance provisions, required if personal data processing is involved
2. Insurance: Insurance requirements for sub-agent, if specific coverage is needed
3. Training and Support: Detailed provisions about training and support if complex products/services are involved
4. Marketing and Promotion: Specific requirements for marketing activities, if sub-agent has significant marketing responsibilities
5. Compliance with Laws: Detailed compliance requirements if operating in regulated industries
6. Sub-sub-agents: Provisions regarding whether and how the sub-agent may appoint further sub-agents
7. Force Majeure: Detailed force majeure provisions if needed for specific business contexts
8. Bank Guarantee: Requirements for bank guarantees or other financial security if required
1. Schedule 1 - Territory: Detailed description of geographical territory and any exclusions
2. Schedule 2 - Products/Services: Comprehensive list of products/services covered by the sub-agency
3. Schedule 3 - Commission Structure: Detailed commission calculations, rates, and examples
4. Schedule 4 - Performance Targets: Specific KPIs and minimum performance requirements
5. Schedule 5 - Reporting Requirements: Templates and timing for required reports
6. Schedule 6 - Operating Procedures: Detailed procedures for order processing, customer service, etc.
7. Appendix A - Main Agency Agreement Extract: Relevant excerpts from the main agency agreement
8. Appendix B - Approved Marketing Materials: Templates and guidelines for marketing materials
Authors
Manufacturing
Wholesale Trade
Retail
Software and Technology
Industrial Equipment
Consumer Goods
Pharmaceuticals
Financial Services
Insurance
Real Estate
Automotive
Chemical Products
Agricultural Products
Construction Materials
Professional Services
Legal
Sales
Business Development
Commercial Operations
Compliance
Contract Administration
Partner Relations
Distribution
Channel Management
International Operations
Sales Director
Commercial Director
Business Development Manager
Legal Counsel
Contract Manager
Sales Operations Manager
Regional Sales Manager
Channel Manager
Agency Network Manager
Compliance Officer
Chief Commercial Officer
Distribution Manager
Partner Relations Manager
Sales Representative
Business Development Director
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