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Broker Seller Agreement
"I need a Broker Seller Agreement for my software company to appoint an exclusive sales broker in Riyadh and Jeddah, with specific performance targets and a requirement for quarterly reporting; the agreement should start from January 2025 and include comprehensive data protection provisions."
1. Parties: Identification of the principal seller and the broker, including full legal names, commercial registration numbers, and authorized representatives
2. Background: Recitals explaining the context of the agreement, including the seller's business and need for brokerage services
3. Definitions: Key terms used throughout the agreement, including Territory, Products, Services, Commission, etc.
4. Appointment and Scope: Terms of broker's appointment, territory coverage, and specific products/services covered
5. Broker's Rights and Obligations: Detailed responsibilities including marketing, customer service, reporting, and compliance requirements
6. Seller's Rights and Obligations: Seller's commitments including product information, support, and training
7. Commission and Payment Terms: Structure of commissions, calculation methods, payment timing, and reporting requirements
8. Compliance and Regulations: Obligations to comply with Saudi laws, Shariah principles, and relevant industry regulations
9. Confidentiality: Protection of confidential information and trade secrets
10. Term and Termination: Duration of agreement, renewal terms, and grounds for termination
11. Post-Termination Obligations: Responsibilities and restrictions after agreement ends
12. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
13. General Provisions: Standard clauses including notices, amendments, assignment, and entire agreement
1. Exclusivity Provisions: Used when the broker is granted exclusive rights in specific territories or for specific products
2. Performance Targets: Include when specific sales targets or KPIs are required for maintaining the relationship
3. Marketing and Advertising: Detailed section when broker has significant marketing responsibilities
4. Training and Support: When extensive product training or technical support is required
5. Insurance Requirements: Detailed insurance obligations for high-value or high-risk products
6. Import/Export Compliance: For international trade aspects of the brokerage relationship
7. Data Protection: When handling significant customer data or personal information
8. Anti-Corruption Compliance: Extended provisions for high-value deals or government sector involvement
1. Schedule 1 - Territory Definition: Detailed description of geographical areas covered by the agreement
2. Schedule 2 - Products and Services: Comprehensive list of products/services covered by the brokerage agreement
3. Schedule 3 - Commission Structure: Detailed commission rates, calculation methods, and examples
4. Schedule 4 - Reporting Requirements: Templates and timing for regular reporting obligations
5. Schedule 5 - Service Level Requirements: Specific performance metrics and service standards
6. Appendix A - Required Documentation: List of regulatory documents and licenses required
7. Appendix B - Compliance Procedures: Step-by-step compliance processes and checklists
8. Appendix C - Contact Details: Key contact information for both parties
Authors
Real Estate
Manufacturing
Consumer Goods
Industrial Equipment
Technology and Software
Healthcare and Pharmaceuticals
Automotive
Construction Materials
Energy and Utilities
Financial Services
Retail and Distribution
Agriculture and Food
Telecommunications
Professional Services
Legal
Sales
Business Development
Compliance
Operations
Commercial
Finance
Risk Management
Corporate Affairs
Contract Administration
Distribution
Channel Management
Chief Executive Officer
Commercial Director
Sales Director
Business Development Manager
Legal Counsel
Compliance Officer
Contract Manager
Regional Sales Manager
Channel Manager
Distribution Manager
Corporate Lawyer
Operations Director
Chief Commercial Officer
Regulatory Affairs Manager
Partnership Manager
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