The Contract For Agency Agreement is a crucial document used when a business or individual (principal) wishes to appoint another party (agent) to act on their behalf in Singapore. This agreement is essential for clearly defining the agency relationship, outlining the agent's authority, establishing commission structures, and protecting both parties' interests. It must comply with Singapore's legal framework, including the Civil Law Act, Agency Law principles, and relevant commercial regulations. The document is particularly important in commercial relationships where representation, distribution, or sales activities are delegated to third parties.
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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 Authority: Scope of agency and powers granted
5. Duties and Responsibilities: Obligations of both principal and agent
6. Commission Structure: Payment terms and calculation of commission
7. Term and Termination: Duration and termination provisions
8. Governing Law: Applicable law and jurisdiction
1. Territory: Geographic scope of agency - used for territorially restricted agencies
2. Non-Compete: Restrictions on competitive activities - used when protecting market position
3. Intellectual Property: IP rights and usage - used when brand or IP rights are involved
4. Data Protection: PDPA compliance provisions - used when personal data is processed
1. Commission Schedule: Detailed commission calculations and scenarios
2. Territory Map: Geographic definition of agency territory
3. Product List: Products/services covered by agency
4. KPIs: Performance metrics and targets
5. Standard Operating Procedures: Operational guidelines and processes
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