Buyer Commission Agreement Template for India

1. Non-Compete: Restrictions on agent's ability to represent competing buyers, used when exclusivity is important

2. Performance Targets: Specific procurement targets and consequences of meeting/missing them, used for performance-based arrangements

3. Training and Support: Details of training provided by the buyer to the agent, included when specialized product knowledge is required

4. Insurance: Requirements for professional liability insurance, included for high-value procurement activities

5. Compliance with Anti-Corruption Laws: Specific provisions regarding compliance with anti-corruption laws, necessary for international trade

6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term agreements

7. Dispute Resolution: Detailed arbitration or mediation procedures, included when parties prefer alternative dispute resolution

1. Schedule 1 - Commission Rates: Detailed breakdown of commission percentages, tiers, and calculation methods

2. Schedule 2 - Territory Definition: Geographical areas or market segments where the agent is authorized to operate

3. Schedule 3 - Product List: List of products or services the agent is authorized to procure

4. Schedule 4 - Reporting Format: Templates and requirements for regular reporting by the agent

5. Schedule 5 - Service Level Requirements: Detailed performance metrics and service standards

6. Appendix A - Power of Attorney: Format of power of attorney if required for specific transactions

7. Appendix B - Code of Conduct: Ethical guidelines and business conduct requirements for the agent