Agency Agreements

Agency agreements Рfrom  £400 plus VAT

Businesses sometimes find it necessary to appoint agents in order to expand while maintaining control over the expansion. The agent will negotiate and secure contracts for the principal business in return for a commission. This document creates an agreement regulating such a situation. It also contains a clause to deal with the effect of the Commercial Agents (Council Directive) Regulations 1993, S 1 1993/3053. The agency agreement is primarily designed for the appointment of an exclusive sales agent who is authorised to negotiate and enter into contracts of sale on the principal’s behalf. Key clauses in an Agency Agreement include:

  • A detailed breakdown of the duties and responsibilities of both parties;
  • The geographic region in which the Agent will operate;
  • Whether the Agent will have exclusive or non-exclusive rights;
  • The rate, method and timing of payments;
  • Any non-compete agreements;
  • Protection of trade secrets and confidential information;
  • Level of authority to make commitments on behalf of each other; and
  • The duration of the Agreement, termination and how breaches of the Agreement are handled.
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