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Agency Contract
"I need an Agency Contract for appointing an exclusive agent in Riyadh to distribute our cloud computing software products, with the agreement to commence in January 2025 and include specific performance targets and technical support obligations."
1. Parties: Identification of Principal and Agent with full legal names, addresses, and commercial registration details
2. Background: Context of the agency relationship and brief description of the Principal's business and intended agency arrangement
3. Definitions: Key terms used throughout the agreement, including Products/Services, Territory, and Commission terms
4. Appointment and Scope: Clear statement of agent's appointment, whether exclusive or non-exclusive, and detailed scope of authority
5. Territory: Precise definition of the geographical area where the agent is authorized to operate
6. Duration and Renewal: Term of the agreement, including commencement date and renewal provisions
7. Rights and Obligations of the Agent: Detailed responsibilities including promotion, sales targets, reporting, and compliance with local laws
8. Rights and Obligations of the Principal: Principal's commitments regarding support, training, and product supply
9. Commission and Payment Terms: Structure of commission, calculation method, payment schedule, and currency
10. Intellectual Property Rights: Usage rights for Principal's trademarks, trade names, and other IP in the Territory
11. Confidentiality: Protection of confidential information exchanged during the agency relationship
12. Registration Requirements: Obligations regarding registration with relevant Saudi authorities
13. Termination: Grounds for termination, notice requirements, and consequences of termination
14. Post-Termination Obligations: Duties of both parties after agreement ends, including return of materials and settlement of accounts
15. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for dispute resolution
16. Force Majeure: Provisions for unforeseeable circumstances preventing performance
17. Notices: Method and addresses for official communications between parties
1. Non-Competition: Restrictions on Agent's ability to represent competing products/services - include when exclusivity is important
2. Training and Support: Detailed provisions for technical training and support - include for technical products/services
3. Performance Targets: Specific sales or performance targets - include when measuring agent's performance is crucial
4. Marketing and Advertising: Specific requirements for local marketing - include when agent has significant marketing responsibilities
5. Insurance: Requirements for specific insurance coverage - include when dealing with high-value products or services
6. Compliance with Anti-Corruption Laws: Specific anti-corruption provisions - include when dealing with international parties
7. Import/Export Compliance: Provisions regarding import/export regulations - include for international trade
8. Sub-Agents: Terms for appointing sub-agents - include when sub-agents might be needed
9. Bank Guarantee: Requirements for bank guarantees - include for high-value agreements
1. Schedule 1 - Products/Services: Detailed list of products or services covered by the agency agreement
2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates, calculation methods, and examples
3. Schedule 3 - Territory Map: Detailed map and/or description of the territorial boundaries
4. Schedule 4 - Performance Targets: Specific sales targets or KPIs for performance evaluation
5. Schedule 5 - Technical Requirements: Technical specifications or requirements for product handling/service delivery
6. Schedule 6 - Required Registrations: List of required registrations and licenses for the Territory
7. Schedule 7 - Trademark Usage Guidelines: Guidelines for use of Principal's trademarks and branding
8. Appendix A - Standard Operating Procedures: Detailed procedures for day-to-day operations and reporting
9. Appendix B - Contact Details: Key contact persons and their details for both parties
Authors
Manufacturing
Consumer Goods
Technology
Healthcare
Automotive
Construction
Industrial Equipment
Telecommunications
Retail
Pharmaceuticals
Energy
Defense
Agriculture
Professional Services
Financial Services
Legal
Commercial
Business Development
Sales
Compliance
Operations
Executive Leadership
Finance
International Trade
Regulatory Affairs
Legal Director
Commercial Director
Business Development Manager
Country Manager
Regional Sales Director
Compliance Officer
Contract Manager
Chief Executive Officer
Managing Director
Operations Director
General Counsel
Sales Manager
Distribution Manager
Import/Export Manager
Regulatory Affairs Manager
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