Memorandum Of Agreement Between Agents Template for India

1. Exclusivity: Used when the agent is granted exclusive rights in specific territories or market segments

2. Sub-Agents: Include when the agent is permitted to appoint sub-agents, specifying conditions and approval processes

3. Performance Targets: Used when specific performance metrics or sales targets are required

4. Marketing and Promotion: Include when specific marketing obligations or restrictions apply

5. Insurance: Used when specific insurance requirements are imposed on the agent

6. Intellectual Property: Include when the agreement involves use of trademarks, patents, or other IP rights

7. Force Majeure: Used to address unforeseen circumstances that may affect performance

8. Data Protection: Include when the agent will handle personal or sensitive data

9. Training and Support: Used when specific training or support arrangements are provided by the principal

10. Bank Guarantee: Include when financial security or performance guarantee is required from the agent

1. Schedule A - Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

2. Schedule B - Territory Definition: Detailed description or maps of the authorized territory

3. Schedule C - Product/Service List: Comprehensive list of products or services covered by the agency

4. Schedule D - Reporting Templates: Standard formats for required reports and documentation

5. Schedule E - Performance Metrics: Detailed performance criteria and evaluation methods

6. Appendix 1 - Standard Operating Procedures: Detailed procedures for day-to-day operations

7. Appendix 2 - Compliance Requirements: Specific regulatory or compliance requirements applicable to the agency

8. Appendix 3 - Marketing Guidelines: Guidelines for use of brand assets and marketing materials