The Non Exclusive Sales Agreement is utilized when a business wants to appoint sales agents while maintaining flexibility in its distribution strategy. This document, governed by Singapore law, establishes the terms under which sales agents can represent and sell the principal's products or services, including commission structures, territorial rights, and performance expectations. It's particularly relevant in Singapore's dynamic business environment where companies often need multiple sales channels to maximize market reach. The agreement ensures compliance with local regulations while providing clear guidelines for the commercial relationship between principal and agent.
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Key Requirements PROMPT example:
Non Exclusive Sales Agreement
"Need a Non Exclusive Sales Agreement under Singapore law for our technology company to appoint multiple sales agents in Southeast Asia, with quarterly performance targets and a 15% commission structure, to be effective from March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of sales authority
5. Territory: Geographic area covered by the agreement
6. Term and Termination: Duration and termination provisions
7. Pricing and Payment Terms: Price structure, payment terms, and commission rates
8. Obligations of Parties: Responsibilities of both seller and sales agent
9. Governing Law: Specification of Singapore law as governing law
1. Minimum Performance Requirements: Sales targets and minimum performance criteria - include when specific performance metrics are required
2. Training and Support: Details of training and support provided - include when seller provides significant support to sales agent
3. Intellectual Property: IP rights and usage provisions - include when IP rights are relevant to the sales process
4. Data Protection: PDPA compliance provisions - include when personal data processing is involved
1. Product Schedule: List of products covered by the agreement
2. Commission Structure: Detailed breakdown of commission calculations
3. Territory Map: Visual representation of sales territory
4. Performance Metrics: Detailed KPIs and measurement criteria
5. Standard Operating Procedures: Agreed procedures for sales operations
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