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Foreign Agency Agreement
"Need a Foreign Agency Agreement for appointing an exclusive agent in Vietnam to distribute our medical devices, with specific performance targets and a 5% commission structure, to be effective from March 2025."
1. Parties: Identification and details of the Principal and Foreign Agent
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Territory: Scope of agent's appointment and geographic territory
5. Agent's Rights and Obligations: Core responsibilities and authorities of the agent
6. Principal's Rights and Obligations: Core responsibilities and commitments of the principal
7. Commission Structure: Details of compensation and payment terms
8. Term and Termination: Duration and termination provisions
9. Governing Law and Jurisdiction: Applicable law and dispute resolution
1. Non-Compete Provisions: Restrictions on agent's activities with competitors - use when protecting market share in specific territories
2. Intellectual Property Rights: Protection of trademarks, patents, and other IP - use when agent will be using principal's branded materials
3. Data Protection: PDPA compliance provisions - use when personal data will be processed
4. Force Majeure: Provisions for unforeseen circumstances - use when long-term commitments are involved
1. Territory Schedule: Detailed description of geographic territory covered
2. Commission Schedule: Detailed breakdown of commission calculations and terms
3. Products Schedule: List of products/services covered by the agreement
4. Performance Targets: Specific sales or performance objectives
5. Reporting Templates: Standard forms for regular reporting requirements
6. Marketing Guidelines: Rules for use of principal's branding and marketing materials
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