Termination Of Agency Agreement Template for India

1. Transition Arrangements: Detailed process for transitioning ongoing business or clients to the principal or new agent

2. Customer Notification: Process and responsibility for notifying customers about the termination of agency

3. Intellectual Property Rights: Specific arrangements regarding any IP rights or licenses post-termination

4. Insurance: Provisions regarding maintaining insurance coverage for past acts

5. Dispute Resolution: Specific arbitration or mediation procedures if not covered in the original agreement

6. Survival Clauses: Specific provisions that will survive the termination

7. Tax Implications: Handling of tax matters and responsibilities post-termination

1. Schedule 1 - Original Agency Agreement: Copy or details of the original agency agreement being terminated

2. Schedule 2 - Outstanding Payments: Detailed list of pending commissions, payments, or financial settlements

3. Schedule 3 - Property Inventory: List of all properties, documents, and materials to be returned

4. Schedule 4 - Ongoing Transactions: List of transactions or matters in progress that need to be addressed

5. Appendix A - Handover Checklist: Detailed checklist for the transition process

6. Appendix B - Client List: List of clients affected by the termination and their status