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The Broker Agent Contract is essential for businesses operating in Saudi Arabia who wish to engage intermediaries for their commercial activities. This document is specifically designed to comply with Saudi Arabian Commercial Agencies Law and related regulations, including necessary registrations with the Ministry of Commerce. It establishes the scope of the broker's authority, commission structure, territorial rights, and obligations of both parties. The contract is particularly important given Saudi Arabia's unique legal framework, which combines modern commercial law with Sharia principles. It should be used when appointing commercial agents, sales representatives, or intermediaries who will represent the principal's interests in Saudi Arabia. The document includes crucial provisions for regulatory compliance, performance metrics, termination rights, and dispute resolution mechanisms specific to the Saudi jurisdiction.

1. Parties: Identification of the Principal and the Broker Agent, including full legal names, commercial registration numbers, and addresses

2. Background: Context of the agreement and general purpose of the brokerage relationship

3. Definitions: Key terms used throughout the agreement, including specific industry terminology

4. Appointment and Scope: Formal appointment of the broker and detailed scope of authorized activities

5. Territory: Geographical area where the broker is authorized to operate

6. Broker's Duties and Obligations: Detailed responsibilities, performance standards, and compliance requirements

7. Principal's Obligations: Support, information, and resources to be provided by the principal

8. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

9. Term and Renewal: Duration of the agreement and conditions for renewal

10. Compliance and Reporting: Regulatory compliance requirements and reporting obligations

11. Confidentiality: Protection of confidential information and trade secrets

12. Non-Competition: Restrictions on competing activities during and after the agreement

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

14. Post-Termination Obligations: Obligations and restrictions that survive termination

15. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism