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Agreement Between Buyer And Commission Agent
"I need an Agreement Between Buyer And Commission Agent for our Singapore-based manufacturing company to engage a procurement agent who will source raw materials from Southeast Asia, with a 5% commission structure and exclusive territory rights starting March 2025."
1. Parties: Identification and details of the buyer and commission agent
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment: Terms of appointment of the commission agent
5. Scope of Authority: Extent and limitations of agent's authority
6. Commission Structure: Details of commission rates and payment terms
7. Obligations of Parties: Duties and responsibilities of both parties
8. Term and Termination: Duration and termination provisions
9. Governing Law: Applicable law and jurisdiction
1. Exclusivity: Terms of exclusive arrangement, used when agent is granted exclusive rights
2. Performance Targets: Specific targets or KPIs, used when performance metrics are required
3. Insurance: Insurance requirements, used when specific insurance coverage is needed
4. Non-Compete: Restrictions on competitive activities, used when protecting business interests
1. Commission Rates Schedule: Detailed breakdown of commission structures
2. Territory Schedule: Definition of geographical coverage area
3. Product Schedule: List of products covered under the agreement
4. Service Level Agreement: Detailed performance standards and metrics
Authors
Commission Structure
Payment Terms
Scope of Services
Representations and Warranties
Confidentiality
Non-Competition
Intellectual Property
Indemnification
Limitation of Liability
Term and Termination
Force Majeure
Dispute Resolution
Governing Law
Assignment
Notices
Entire Agreement
Severability
Amendments
Reporting Requirements
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