The Joint Agency Agreement is utilized when a principal company wishes to appoint multiple agents to work collaboratively in representing its interests, particularly in Singapore and surrounding regions. This document is essential for businesses seeking to establish clear parameters for joint agency relationships, defining commission structures, territorial rights, and mutual obligations. The agreement ensures compliance with Singapore's legal framework, including agency law principles, competition regulations, and industry-specific requirements. It provides a comprehensive framework for managing multi-agent relationships while protecting the interests of all parties involved.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the joint agency arrangement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of agency services
5. Duties and Responsibilities: Obligations of each party under the agreement
6. Commission Structure: Financial arrangements and commission sharing
7. Term and Termination: Duration and termination provisions
8. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Provisions: Restrictions on competition between agents - use when parties want to prevent competition in specific markets
2. Intellectual Property Rights: Protection of IP and usage rights - use when IP assets are involved in the agency relationship
3. Force Majeure: Provisions for unforeseen circumstances - use when parties want specific provisions for extraordinary events
1. Schedule 1: Territory Definition: Detailed description of geographical areas covered
2. Schedule 2: Commission Calculations: Detailed breakdown of commission structures and calculations
3. Schedule 3: Service Level Agreement: Specific performance metrics and standards
4. Appendix A: Required Licenses: List of necessary licenses and certifications
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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