The Exclusive Sales Agency Agreement is essential when a business wants to appoint an exclusive representative to sell their products or services in a specific territory under Singapore law. This document outlines the exclusive nature of the appointment, territory restrictions, commission structures, performance expectations, and termination provisions. It's particularly important in Singapore's competitive business environment, where clear delineation of rights and obligations is crucial for both principals and agents. The agreement ensures compliance with Singapore's regulatory requirements while protecting both parties' commercial interests.
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1. Parties: Identification and details of the Principal and Agent
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of exclusive appointment and territorial scope
5. Agent's Rights and Obligations: Core responsibilities and authorized activities
6. Principal's Rights and Obligations: Support, information, and resources to be provided
7. Commission Structure: Payment terms, calculation methods, and timing
8. Term and Termination: Duration and termination provisions
9. Governing Law and Jurisdiction: Singapore law and dispute resolution provisions
1. Performance Targets: Minimum sales targets and consequences of not meeting them
2. Training and Support: Details of training and ongoing support provided by principal
3. Sub-Agents: Rights and restrictions regarding appointment of sub-agents
4. Data Protection: PDPA compliance provisions for handling personal data
5. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control
1. Territory Schedule: Detailed description of exclusive territory covered by the agreement
2. Products Schedule: Comprehensive list of products covered by the agreement
3. Commission Schedule: Detailed commission calculations, rates and examples
4. Performance Metrics Schedule: Specific targets, KPIs and measurement criteria
5. Marketing Guidelines: Brand usage rules and marketing requirements
6. Reporting Templates: Standard forms and templates for regular reporting requirements
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
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