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Exclusive Agency Agreement Commission
"I need an Exclusive Agency Agreement Commission for appointing a real estate agent as our sole representative in Singapore's Central Region, with a tiered commission structure starting at 2% for properties under $1M and increasing to 3% for properties over $1M, effective from March 2025."
1. Parties: Identification and details of the Principal and Agent
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of exclusive appointment and scope of agency services
5. Duration: Term of the agreement including commencement and expiry dates
6. Commission Structure: Detailed breakdown of commission rates and calculation methods
7. Payment Terms: Terms and timing of commission payments
8. Obligations of Agent: Agent's duties, responsibilities and performance standards
9. Obligations of Principal: Principal's duties and responsibilities
10. Termination: Grounds and procedures for termination
11. Governing Law: Specification of Singapore law as governing law
1. Non-Competition: Restrictions on competitive activities during and after the agreement term
2. Intellectual Property: Protection and usage rights of intellectual property in the agency relationship
3. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control
4. Data Protection: Compliance with Personal Data Protection Act (PDPA) and data handling procedures
5. Insurance: Requirements for insurance coverage and liability protection
1. Commission Rate Schedule: Detailed breakdown of commission rates for different services or transactions
2. Territory Schedule: Definition of geographical area covered by exclusivity
3. Service Level Agreement: Detailed performance metrics and standards
4. Required Documentation: List of documents required for commission claims
5. Reporting Templates: Standard formats for regular reporting requirements
Authors
Agent
Principal
Commission
Exclusive Territory
Effective Date
Term
Services
Confidential Information
Intellectual Property Rights
Net Sales
Gross Sales
Commission Rate
Payment Period
Customer
Products
Business Day
Force Majeure Event
Material Breach
Termination Date
Applicable Laws
Revenue
Qualifying Transaction
Performance Targets
Territory
Related Company
Authorized Representative
Contract Period
Commission Statement
Marketing Materials
Exclusivity
Territory
Commission Structure
Payment Terms
Performance Requirements
Agent Obligations
Principal Obligations
Term and Duration
Termination
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Representations and Warranties
Indemnification
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Amendment
Entire Agreement
Severability
Data Protection
Record Keeping
Reporting Requirements
Insurance
Compliance with Laws
Relationship of Parties
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