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Sourcing Agent Agreement
"I need a Sourcing Agent Agreement under Hong Kong law for my fashion retail company, appointing an exclusive agent to source textile products from mainland China and Vietnam, with detailed quality control requirements and a commission-based compensation structure."
1. Parties: Identification of the principal and the sourcing agent, including full legal names and registered addresses
2. Background: Context of the agreement, brief description of the principal's business and need for sourcing services
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Territory', 'Suppliers', 'Products', etc.
4. Appointment and Scope: Formal appointment of the agent and detailed description of the sourcing services to be provided
5. Term and Termination: Duration of the agreement, renewal terms, and circumstances for termination
6. Agent's Obligations: Detailed responsibilities including supplier identification, quality control, price negotiation, and reporting duties
7. Principal's Obligations: Responsibilities of the principal including information provision, payment terms, and support
8. Compensation: Fee structure, commission rates, payment terms, and expense reimbursement policies
9. Confidentiality: Protection of confidential information exchanged during the course of the relationship
10. Intellectual Property: Ownership and protection of IP rights, including any developments during the sourcing process
11. Compliance: Obligations to comply with relevant laws, regulations, and ethical standards
12. Liability and Indemnification: Allocation of risks, limitation of liability, and indemnification obligations
13. General Provisions: Standard clauses including notices, assignment, governing law, and dispute resolution
1. Exclusivity: Terms regarding exclusive appointment of the agent for specific territories or products - used when exclusive rights are granted
2. Performance Targets: Specific KPIs and targets for the agent - included when performance measurement is crucial
3. Sub-Agents: Terms governing the appointment and management of sub-agents - needed if sub-agents are permitted
4. Insurance: Specific insurance requirements - included for high-value or high-risk sourcing activities
5. Force Majeure: Provisions for unforeseen circumstances - particularly relevant for international sourcing
6. Anti-Corruption: Detailed anti-corruption provisions - essential for high-risk territories or industries
7. Data Protection: Specific data protection obligations - needed when handling sensitive data
8. Non-Competition: Restrictions on agent's activities with competitors - used in sensitive industries or markets
1. Schedule 1 - Services Description: Detailed breakdown of sourcing services to be provided
2. Schedule 2 - Territory: Specific geographical areas or markets covered by the agreement
3. Schedule 3 - Products: List of products or product categories for sourcing
4. Schedule 4 - Commission Structure: Detailed commission calculations and payment terms
5. Schedule 5 - Approved Suppliers: List of pre-approved suppliers or supplier criteria
6. Schedule 6 - Quality Standards: Specific quality requirements and inspection procedures
7. Schedule 7 - Reporting Requirements: Templates and timeframes for required reports
8. Appendix A - Code of Conduct: Ethical standards and compliance requirements for sourcing activities
Authors
Agent
Applicable Laws
Approved Suppliers
Business Day
Commencement Date
Commission
Confidential Information
Deliverables
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Initial Term
Manufacturing Agreement
Minimum Performance Requirements
Order
Principal
Products
Purchase Price
Quality Standards
Related Company
Reports
Representatives
Sample
Services
Specifications
Sub-Agent
Supplier
Target Price
Term
Territory
Trade Secrets
Working Hours
Term
Termination
Services
Authority
Exclusivity
Performance Requirements
Commission
Payment
Expenses
Reporting
Quality Control
Due Diligence
Supplier Management
Compliance
Anti-Corruption
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Limitation of Liability
Insurance
Force Majeure
Assignment
Sub-Contracting
Notice
Amendment
Waiver
Severability
Entire Agreement
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
Manufacturing
Retail
Fashion and Apparel
Electronics
Consumer Goods
Industrial Equipment
Textiles
Food and Beverage
Automotive Parts
Medical Supplies
Construction Materials
Furniture and Home Goods
Toys and Games
Packaging Materials
Procurement
Supply Chain
Legal
Operations
Commercial
Vendor Management
Quality Control
Compliance
Finance
International Trade
Risk Management
Procurement Director
Supply Chain Manager
Sourcing Manager
Chief Procurement Officer
Commercial Director
Operations Manager
Supply Chain Director
Vendor Management Specialist
Quality Control Manager
Purchasing Manager
Global Sourcing Executive
Contract Manager
Legal Counsel
Compliance Officer
Chief Operating Officer
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