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Sourcing Agent Agreement
"I need a Sourcing Agent Agreement for my electronics manufacturing company to engage an agent in Singapore to source semiconductor components, with exclusive rights in Southeast Asia and a 5% commission structure starting March 2025."
1. Parties: Identification and details of the Principal and the Sourcing Agent
2. Background: Context of the agreement and business relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and scope of services
5. Agent's Obligations: Core responsibilities and duties of the sourcing agent
6. Principal's Obligations: Responsibilities of the principal
7. Compensation: Fee structure, commission rates, and payment terms
8. Term and Termination: Duration of agreement and termination provisions
9. Confidentiality: Protection of confidential information
10. Governing Law: Applicable law and jurisdiction
1. Exclusivity: Terms of exclusive representation when principal wants to restrict agent from representing competitors
2. Insurance: Insurance requirements when dealing with high-value goods or specific risks
3. Force Majeure: Provisions for unforeseen circumstances when dealing with international sourcing or high-risk markets
4. Intellectual Property: IP rights and protection when dealing with branded products or proprietary information
1. Schedule 1 - Service Description: Detailed scope of sourcing services
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees and commission structure
3. Schedule 3 - Target Products: List of products or categories to be sourced
4. Schedule 4 - Quality Standards: Required quality specifications and standards
5. Schedule 5 - Approved Suppliers: List of pre-approved suppliers (if any)
Authors
Applicable Laws
Approved Suppliers
Business Day
Commission
Commencement Date
Confidential Information
Force Majeure Event
Initial Term
Intellectual Property Rights
Market Price
Minimum Purchase Requirement
Principal
Products
Purchase Order
Quality Standards
Restricted Territory
Services
Sourcing Agent
Specifications
Supplier
Target Markets
Term
Territory
Trade Laws
Authority and Scope
Term and Duration
Services
Exclusivity
Commission and Fees
Payment Terms
Performance Standards
Quality Control
Due Diligence
Reporting Requirements
Warranties and Representations
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Indemnification
Insurance
Compliance with Laws
Anti-Corruption
Force Majeure
Termination
Post-Termination Obligations
Assignment
Subcontracting
Notice
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Costs
Counterparts
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