Document background
The Sourcing Fee Agreement is a crucial document used when businesses engage external expertise to identify and secure goods, services, or business opportunities. This agreement, governed by South African law, is particularly relevant in today's complex supply chain environment where companies increasingly rely on specialized sourcing agents to access new markets, suppliers, or opportunities. The document typically includes detailed fee structures, which may be fixed, performance-based, or a combination of both, and ensures compliance with South African commercial and financial services regulations. It's commonly used when companies need to formalize their relationship with sourcing agents, establish clear performance metrics, and protect both parties' interests while maintaining transparency in the procurement process.
