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Limited Agency Agreement for Singapore

Limited Agency Agreement Template for Singapore

A Limited Agency Agreement under Singapore law is a legal document that establishes a restricted agency relationship between a principal and an agent. It defines specific parameters within which the agent can act on behalf of the principal, including detailed scope limitations, territorial restrictions, and precise authority boundaries. The agreement incorporates Singapore's regulatory requirements, particularly those under the Civil Law Act and common law principles of agency, while providing clear mechanisms for compensation, termination, and dispute resolution.

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Limited Agency Agreement

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What is a Limited Agency Agreement?

The Limited Agency Agreement is essential when businesses need to appoint representatives with carefully defined and restricted authority. This document, governed by Singapore law, establishes clear boundaries of the agent's powers, protecting the principal while enabling effective business representation. It specifies the scope of authority, territorial limits, duration, compensation structure, and termination conditions. The agreement is particularly valuable in situations requiring precise control over an agent's activities while maintaining compliance with Singapore's regulatory framework.

What sections should be included in a Limited Agency Agreement?

1. Parties: Identification and details of the principal and agent

2. Background: Context and purpose of the agency relationship

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of agent appointment and extent of authority

5. Duration: Term of the agreement including start and end dates

6. Duties and Responsibilities: Specific obligations of the agent

7. Compensation: Payment terms and commission structure

8. Termination: Conditions for ending the agreement

What sections are optional to include in a Limited Agency Agreement?

1. Non-Competition: Restrictions on agent's competitive activities - used when protecting business interests is crucial

2. Intellectual Property: Rights to IP created during agency - used when IP creation is involved in the agency relationship

3. Insurance: Required insurance coverage - used when agent activities carry significant risk

4. Subcontracting: Rights to delegate duties - used when delegation of duties might be needed

What schedules should be included in a Limited Agency Agreement?

1. Schedule 1: Territory: Geographical scope of agency

2. Schedule 2: Products/Services: Detailed list of products/services covered under the agency agreement

3. Schedule 3: Commission Structure: Detailed breakdown of compensation calculations and payment terms

4. Schedule 4: Performance Metrics: Key performance indicators and targets for the agent

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions






























Clauses



































Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law principles and agency relationships in Singapore, establishing the fundamental rules for formation and enforcement of contracts and agency authority

Agency Law: Common law principles derived from English law that define the fundamental aspects of agency relationships, including rights, duties, and obligations of both principal and agent

Contracts (Rights of Third Parties) Act: Legislation governing how third parties may enforce terms of the agreement, particularly relevant in agency relationships where the agent deals with third parties

Electronic Transactions Act: Legislation governing electronic contracts and signatures, relevant if the agency agreement will be executed or operated electronically

Personal Data Protection Act 2012 (PDPA): Comprehensive data protection law that must be considered if the agent will handle personal data as part of their duties

Competition Act (Cap. 50B): Legislation ensuring fair competition practices, relevant to ensure the agency arrangement doesn't create anti-competitive situations

Industry-Specific Regulations: Specific regulatory requirements depending on the industry sector (e.g., real estate, insurance) including relevant licensing and compliance requirements

Limitation Act: Legislation establishing time limits for various types of legal claims and actions related to the agency agreement

Companies Act (Cap. 50): Corporate law legislation relevant when either the principal or agent is a corporate entity, governing corporate capacity and authority

Consumer Protection (Fair Trading) Act: Legislation protecting consumer interests, applicable if the agency relationship involves consumer transactions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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