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Sourcing Agent Contract
"I need a Sourcing Agent Contract for appointing an exclusive agent in Vietnam to source electronic components for our Singapore-based manufacturing company, with specific KPIs and quarterly performance reviews starting from March 2025."
1. Parties: Identification 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: Detailed responsibilities and duties of the sourcing agent
6. Principal's Obligations: Responsibilities and duties of the principal
7. Commission Structure: Payment terms and commission calculations
8. Term and Termination: Duration of agreement and termination provisions
1. Exclusivity: Terms of exclusive arrangement - use when agent is granted exclusive rights in specific territories/products
2. Performance Targets: Specific KPIs and targets - use when measuring agent's performance against specific metrics
3. Training and Support: Details of training provided by principal - use when principal provides specific training or support systems
4. Insurance Requirements: Specific insurance obligations - use when dealing with high-value goods or specific risks
1. Commission Schedule: Detailed breakdown of commission calculations and payment terms
2. Territory Schedule: Defined geographical areas of operation
3. Product Schedule: List of products covered under the agreement
4. Service Level Agreement: Detailed performance metrics and service standards
5. Approved Supplier List: Pre-approved suppliers if applicable
Authors
Approved Suppliers
Business Day
Commencement Date
Commission
Confidential Information
Deliverables
Effective Date
Force Majeure Event
Intellectual Property Rights
Key Personnel
Laws
Material Breach
Minimum Performance Requirements
Notice
Party/Parties
Principal
Principal's Products
Purchase Order
Quality Standards
Quarterly Report
Services
Sourcing Agent
Specification
Supplier
Target Market
Term
Territory
Trade Control Laws
Transaction
Scope of Authority
Term and Duration
Agent's Duties and Obligations
Principal's Obligations
Commission and Payment Terms
Exclusivity
Performance Standards
Quality Control
Reporting Requirements
Compliance with Laws
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Liability and Indemnification
Insurance
Force Majeure
Termination
Post-Termination Obligations
Assignment
Notices
Governing Law
Dispute Resolution
Anti-Corruption
Data Protection
Entire Agreement
Amendments
Severability
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