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Sales Agency Agreement Template
I need a Sales Agency Agreement Template for appointing an exclusive agent to sell our industrial machinery in Singapore and Malaysia, with monthly sales targets and a tiered commission structure starting from January 2025.
1. Parties: Identification and details of the Principal and Agent
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of agent appointment and scope of authority
5. Territory: Geographical area where agent is authorized to operate
6. Commission Structure: Details of compensation and payment terms
7. Obligations of Agent: Agent's duties and responsibilities
8. Obligations of Principal: Principal's duties and responsibilities
9. Term and Termination: Duration and conditions for ending agreement
10. Governing Law: Specification of Singapore law as governing law
1. Exclusivity: Terms defining exclusive rights and territories for the agent
2. Performance Targets: Specific sales targets and minimum performance requirements
3. Non-Compete: Restrictions on competitive activities during and after agreement term
4. Insurance: Requirements for insurance coverage and liability protection
5. Data Protection: PDPA compliance requirements and data handling procedures
1. Schedule 1: Products/Services: Detailed list of products/services covered under the agreement
2. Schedule 2: Commission Rates: Detailed commission structure and calculations
3. Schedule 3: Territory Map: Detailed description or map of territory covered
4. Schedule 4: Performance Metrics: Detailed performance targets and measurement criteria
5. Schedule 5: Reporting Templates: Standard forms for regular reporting requirements
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