Document background
The Business Agency Agreement is a crucial document for businesses operating in Singapore who wish to appoint representatives to act on their behalf. This agreement is particularly important in the context of Singapore's robust commercial framework, which emphasizes clear delineation of business relationships and responsibilities. The document typically includes detailed provisions on agent authority, territorial rights, commission structures, and compliance with local regulations. It's essential for businesses expanding their reach through agents, ensuring both parties understand their rights, obligations, and the scope of their relationship. The agreement must comply with Singapore's Civil Law Act, Competition Act, and relevant commercial regulations.
