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Representation Agreement
"I need a Representation Agreement for appointing an exclusive sales representative in Singapore to distribute our medical devices, with a 5% commission structure and minimum sales targets of $500,000 per quarter, starting from March 2025."
1. Parties: Identification of principal and representative with full legal names and addresses
2. Background: Context of the representation arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Representation: Detailed description of representation rights and limitations
5. Term and Termination: Duration of agreement and termination provisions
6. Compensation: Payment terms, commission structures, and expenses
7. Obligations of Representative: Duties and responsibilities of the representative
8. Obligations of Principal: Duties and responsibilities of the principal
1. Territory: Geographic scope of representation - used when representation is limited to specific regions
2. Exclusivity: Terms of exclusive representation rights - used when granting exclusive representation rights
3. Non-Compete: Restrictions on competitive activities - used when protecting business interests post-termination
4. Intellectual Property: Usage rights for trademarks and materials - used when IP rights are involved in representation
1. Commission Structure: Detailed breakdown of commission calculations and payment terms
2. Territory Map: Visual representation of geographical coverage area
3. Product List: List of products/services covered by representation
4. Reporting Templates: Standard forms for regular reporting requirements
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