The Sourcing Fee Agreement is essential for businesses operating in Qatar's diverse commercial landscape, particularly when engaging external parties for procurement and sourcing services. This document type is commonly used when a company requires specialized assistance in identifying, evaluating, and securing suppliers, products, or services. The agreement, governed by Qatar law, typically outlines the scope of sourcing services, fee structures (including success fees, retainers, or commission-based arrangements), performance expectations, and compliance requirements. It's particularly relevant given Qatar's position as a major international business hub and its strict regulatory framework, including requirements under the Qatar Commercial Law and Civil Code. The agreement helps protect both parties' interests while ensuring transparency in commercial relationships and compliance with local legal requirements.
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1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of the sourcing services to be provided
5. Fee Structure: Breakdown of sourcing fees, calculation method, and payment terms
6. Payment Terms: Timeline and method of payment, including invoicing requirements
7. Term and Termination: Duration of the agreement and conditions for termination
8. Obligations of the Sourcing Agent: Specific duties and responsibilities of the party providing sourcing services
9. Client Obligations: Responsibilities and commitments of the client
10. Confidentiality: Protection of confidential information and trade secrets
11. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes
12. Entire Agreement: Integration clause confirming the agreement represents the complete understanding between parties
1. Exclusivity: Terms regarding exclusive rights for sourcing services, used when exclusive arrangements are required
2. Performance Metrics: Specific KPIs and performance standards, included for complex sourcing arrangements
3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in international arrangements
4. Insurance: Insurance requirements and coverage details, important for high-value sourcing arrangements
5. Anti-Corruption Compliance: Specific anti-corruption provisions, essential when dealing with government contracts or high-risk jurisdictions
6. Dispute Resolution: Detailed dispute resolution procedures, including mediation or arbitration, for complex international arrangements
7. Assignment and Subcontracting: Terms regarding the ability to transfer rights or subcontract obligations, relevant for larger sourcing arrangements
1. Schedule 1 - Service Level Agreement: Detailed performance standards and service levels
2. Schedule 2 - Fee Calculation: Detailed breakdown of fee structure and calculation methodology
3. Schedule 3 - Required Documentation: List of documents required for sourcing services and compliance
4. Schedule 4 - Key Personnel: Details of key team members involved in providing the sourcing services
5. Schedule 5 - Compliance Requirements: Specific regulatory and compliance requirements under Qatar law
6. Appendix A - Report Templates: Standard templates for performance reporting and documentation
7. Appendix B - Communication Protocol: Procedures for regular communication and escalation paths
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