The Sole Selling Agreement is a crucial commercial contract used when a business wants to establish an exclusive distribution channel in a specific territory. Under Singapore law, this agreement provides comprehensive protection for both the Principal and Sole Seller, defining their respective rights and obligations. It is particularly valuable for businesses expanding their market presence through dedicated distribution channels, ensuring territorial exclusivity while maintaining control over product distribution and brand representation.
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1. Parties: Details of the Principal (supplier) and the Sole Seller
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Appointment and Territory: Scope of sole selling rights and defined territory
5. Term and Termination: Duration of agreement and termination provisions
6. Obligations of Principal: Principal's duties and commitments
7. Obligations of Sole Seller: Sole seller's duties and commitments
8. Pricing and Payment Terms: Financial arrangements between parties
1. Minimum Purchase Requirements: Specified minimum quantities/values to be purchased - use when principal wants to ensure minimum sales volumes
2. Marketing and Promotion: Marketing obligations and cost sharing - use when specific marketing efforts are required
3. Training Requirements: Training obligations for product knowledge - use for technical or complex products
4. Non-Compete Provisions: Restrictions on competing activities - use when exclusivity is critical
1. Product Schedule: List of products covered under the agreement
2. Territory Map: Detailed definition of geographical territory
3. Price List: Current prices and discount structures
4. Performance Targets: Specific sales targets and KPIs
5. Standard Operating Procedures: Detailed operational procedures and requirements
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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