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International Broker Agreement
"I need an International Broker Agreement for appointing an exclusive broker to represent our medical equipment manufacturing company in Qatar and Saudi Arabia, with the agreement starting from March 2025 and including specific performance targets for each territory."
1. Parties: Identification of the principal and broker, including full legal names, registration details, and addresses
2. Background: Context of the agreement, nature of the principal's business, and purpose of engaging the broker
3. Definitions: Definitions of key terms used throughout the agreement, including territory, products/services, and commission-related terms
4. Appointment and Scope: Terms of broker's appointment, exclusivity/non-exclusivity, and detailed scope of services
5. Territory: Definition of geographical area where broker is authorized to operate
6. Broker's Rights and Obligations: Detailed responsibilities, performance standards, and authorized activities of the broker
7. Principal's Rights and Obligations: Principal's commitments, support to be provided, and information sharing obligations
8. Commission Structure: Detailed commission calculations, payment terms, and conditions for commission eligibility
9. Payment Terms: Currency, payment methods, invoicing requirements, and payment timelines
10. Term and Termination: Duration of agreement, renewal terms, and termination conditions
11. Confidentiality: Protection of confidential information and trade secrets
12. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation
13. Compliance with Laws: Obligations to comply with Qatar laws, anti-corruption, and international regulations
14. Dispute Resolution: Process for resolving disputes, including jurisdiction and arbitration provisions
15. Governing Law: Specification of Qatar law as governing law and its implications
1. Regulatory Approvals: Required when broker needs specific licenses or registrations in Qatar or other territories
2. Insurance: Include when specific insurance coverage is required for the broker's activities
3. Intellectual Property: Necessary when broker will be using principal's trademarks or other IP
4. Training and Support: Include when principal will provide specific training or support systems
5. Performance Targets: Optional section for defining specific performance metrics and consequences
6. Marketing and Promotion: Include when broker has specific marketing responsibilities or restrictions
7. Data Protection: Required when personal data processing is involved in the brokerage activities
8. Force Majeure: Optional protection against unforeseen circumstances preventing performance
9. Assignment and Subcontracting: Include when need to address potential transfer of rights or use of sub-brokers
1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates for different products/services
2. Schedule 2 - Territory Definition: Detailed maps or descriptions of authorized territories
3. Schedule 3 - Products/Services: Comprehensive list of products/services covered by the agreement
4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports
5. Schedule 5 - Performance Metrics: Detailed KPIs and measurement criteria
6. Appendix A - Required Documents: List of regulatory documents and licenses required
7. Appendix B - Compliance Procedures: Detailed compliance requirements and procedures
8. Appendix C - Principal's Policies: Relevant company policies broker must comply with
Authors
Real Estate
Financial Services
Insurance
International Trade
Manufacturing
Oil and Gas
Construction
Retail and Distribution
Technology
Professional Services
Healthcare
Telecommunications
Legal
Compliance
International Business Development
Sales
Finance
Risk Management
Operations
Commercial
Business Development
Contracts Administration
Chief Executive Officer
Commercial Director
International Business Development Manager
Legal Counsel
Compliance Officer
Sales Director
Business Development Director
Contract Manager
Regional Manager
Chief Financial Officer
Risk Manager
Operations Director
International Sales Manager
Channel Manager
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