Sourcing Agent Contract Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
The Sourcing Agent Contract is essential for businesses seeking to establish a formal relationship with professional sourcing agents, particularly in Asian markets. This agreement, governed by Singapore law, provides comprehensive coverage of the agent's responsibilities, including supplier identification, price negotiation, quality control, and logistics coordination. It protects both parties' interests while ensuring compliance with Singapore's stringent commercial regulations and international trade requirements. The contract is particularly relevant for companies looking to leverage Singapore's strategic position as a global trading hub while benefiting from its stable legal framework.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Industries

Contract Law (Chapter 53): Primary legislation governing contract formation, terms, performance, and remedies in Singapore

Civil Law Act (Chapter 43): Fundamental legislation governing civil matters including contractual relationships and obligations

Electronic Transactions Act: Legislation governing the formation and validity of electronic contracts and digital signatures

Agency Law: Common law principles governing principal-agent relationships and agency obligations in Singapore

Competition Act (Chapter 50B): Legislation promoting competition and preventing anti-competitive practices in business relationships

Sale of Goods Act (Chapter 393): Legislation governing the sale and purchase of goods, including rights and obligations of buyers and sellers

Supply of Goods Act: Regulations concerning the supply of goods and related services in commercial transactions

Consumer Protection (Fair Trading) Act: Legislation protecting consumer interests and ensuring fair trading practices

Import/Export Control Act: Regulations governing international trade, import and export procedures and requirements

Customs Act (Chapter 70): Legislation governing customs procedures, duties, and related international trade matters

Personal Data Protection Act 2012: Framework for data protection and privacy requirements in business operations

Prevention of Corruption Act: Anti-corruption legislation preventing bribery and corrupt practices in business dealings

Employment Act: Primary legislation governing employment relationships and working conditions, relevant if the sourcing agent employs staff

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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