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Limited Agency Agreement
"I need a Limited Agency Agreement for appointing a sales agent in Singapore to represent our manufacturing company's products, with exclusive rights in the healthcare sector and a 5% commission structure, starting from March 2025."
1. Parties: Identification and details of the principal and agent
2. Background: Context and purpose of the agency relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and extent of authority
5. Duration: Term of the agreement including start and end dates
6. Duties and Responsibilities: Specific obligations of the agent
7. Compensation: Payment terms and commission structure
8. Termination: Conditions for ending the agreement
1. Non-Competition: Restrictions on agent's competitive activities - used when protecting business interests is crucial
2. Intellectual Property: Rights to IP created during agency - used when IP creation is involved in the agency relationship
3. Insurance: Required insurance coverage - used when agent activities carry significant risk
4. Subcontracting: Rights to delegate duties - used when delegation of duties might be needed
1. Schedule 1: Territory: Geographical scope of agency
2. Schedule 2: Products/Services: Detailed list of products/services covered under the agency agreement
3. Schedule 3: Commission Structure: Detailed breakdown of compensation calculations and payment terms
4. Schedule 4: Performance Metrics: Key performance indicators and targets for the agent
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