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Agency Fee Agreement
"I need an Agency Fee Agreement for appointing a sales representative in Singapore to distribute our software products, with a 15% commission structure and quarterly performance reviews starting from March 2025."
1. Parties: Identification of Principal and Agent with full legal names and addresses
2. Background: Context of the agency relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and scope of authority
5. Duties and Obligations: Responsibilities of both agent and principal
6. Commission Structure: Fee calculation, payment terms and conditions
7. Term and Termination: Duration of agreement and termination provisions
8. Governing Law: Specification of Singapore law as governing law
1. Non-Competition: Restrictions on agent's activities with competitors (used when protecting market position or sensitive information)
2. Intellectual Property: Rights and usage of trademarks, patents, etc. (used when IP rights are involved in the agency relationship)
3. Insurance: Insurance requirements for agent (used when agent activities involve risk exposure)
4. Data Protection: PDPA compliance obligations (used when personal data processing is involved)
1. Commission Schedule: Detailed breakdown of commission rates and calculation methods
2. Territory Schedule: Definition of geographical areas covered by agency
3. Products/Services Schedule: List of products or services covered by agency agreement
4. Performance Metrics: KPIs and performance evaluation criteria
5. Standard Operating Procedures: Detailed procedures for agent operations (for complex agency relationships)
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