Managing Agent Contract Template for India

1. Non-Compete: Restrictions on Managing Agent's ability to compete or represent competitors, used when agent has access to sensitive business information

2. Insurance: Requirements for professional indemnity and other insurance coverage, particularly relevant for high-risk sectors

3. Intellectual Property: IP ownership and usage rights, important when agent will be creating or using proprietary materials

4. Sub-Agents: Terms governing the appointment and management of sub-agents, needed when delegation is permitted

5. Performance Metrics: Specific KPIs and performance standards, useful for performance-based compensation structures

6. Force Majeure: Provisions for unforeseen circumstances affecting performance, particularly relevant in volatile markets

7. Data Protection: Compliance with data protection laws, essential when handling personal or sensitive data

8. Training and Support: Details of training and support provided by Principal, important for complex service arrangements

1. Schedule 1 - Territory: Defined geographical area where Managing Agent is authorized to operate

2. Schedule 2 - Services: Detailed description of services to be provided by the Managing Agent

3. Schedule 3 - Fee Schedule: Detailed breakdown of fees, commissions, and payment calculations

4. Schedule 4 - Reporting Requirements: Format and frequency of required reports and documentation

5. Schedule 5 - Key Personnel: List of key personnel and their roles in delivering the services

6. Schedule 6 - Operating Procedures: Detailed operational procedures and compliance requirements

7. Appendix A - Power of Attorney: Format of Power of Attorney if required for specific actions

8. Appendix B - Service Level Agreement: Detailed service levels and performance standards if applicable