Sourcing Fee Agreement for the United States
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Sourcing Fee Agreement
"I need a Sourcing Fee Agreement for my manufacturing company to engage a sourcing agent in Asia who will help us find suppliers for electronic components, with a success-based fee structure and exclusive rights in the Chinese market."
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1. Parties: Identification of all parties involved in the agreement, including legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of sourcing services to be provided
5. Fee Structure: Details of fees, calculation methods, and payment terms
6. Term and Termination: Duration of agreement and conditions for termination
7. Confidentiality: Protection of confidential information exchanged during the engagement
1. Exclusivity: Terms defining exclusive rights for the sourcing agent in specific territories or for specific products
2. Performance Metrics: Specific KPIs and performance standards for performance-based compensation arrangements
3. International Provisions: Specific provisions for cross-border considerations and requirements in international transactions
1. Schedule A - Fee Calculation: Detailed breakdown of fee structure and calculation methods
2. Schedule B - Territory Definition: Specification of geographical areas covered by the agreement
3. Schedule C - Product/Service Specifications: Detailed description of products/services to be sourced
4. Schedule D - Performance Metrics: Detailed KPIs and measurement methodology for performance evaluation
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