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Agency Contract
"I need an Agency Contract governed by Singapore law for appointing a sales representative to distribute our medical devices across Southeast Asia, with exclusive territory rights and a monthly commission structure starting from March 2025."
1. Parties: Identification of principal and agent, including full legal names and addresses
2. Background: Context of the agency relationship and general purpose
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent's appointment and scope of authority
5. Duration: Term of the agreement, including start date and duration
6. Duties and Responsibilities: Detailed obligations of both agent and principal
7. Remuneration: Commission structure and payment terms
8. Termination: Circumstances and procedures for ending the agreement
1. Non-Compete: Restrictions on agent's competitive activities during and after the agreement term
2. Insurance: Requirements for professional indemnity insurance and other coverage obligations
3. Sub-Agents: Terms and conditions for appointing and managing sub-agents
4. Performance Targets: Specific performance goals, metrics and evaluation criteria for the agent
1. Territory Schedule: Defined geographical areas where the agent is authorized to operate
2. Commission Schedule: Detailed breakdown of commission structures, calculations and payment terms
3. Product Schedule: Comprehensive list of products or services covered by the agency agreement
4. KPI Schedule: Detailed performance indicators, targets and measurement criteria
5. Approved Sub-Agents: List of pre-approved sub-agents and their respective territories or responsibilities
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