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Limited Agency Agreement
"I need a Limited Agency Agreement for appointing a sales representative in Hong Kong to promote our technology products across Asia Pacific, with authority to negotiate but not finalize deals, starting March 1, 2025, with strict confidentiality provisions due to upcoming product launches."
1. Parties: Identification of the Principal and Agent, including full legal names and registered addresses
2. Background: Context of the agreement and brief description of why the agency relationship is being established
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpretation
4. Appointment and Scope: Express appointment of the agent and detailed description of the limited scope of authority
5. Duration: Term of the agreement, including commencement date and termination provisions
6. Agent's Authority: Specific powers granted to the agent and express limitations on authority
7. Agent's Duties and Obligations: Detailed responsibilities and obligations of the agent within the limited scope
8. Principal's Duties and Obligations: Responsibilities and obligations of the principal, including support and information provision
9. Remuneration: Fee structure, payment terms, and expenses policy
10. Compliance: Requirements for compliance with laws, regulations, and principal's policies
11. Confidentiality: Obligations regarding confidential information and trade secrets
12. Termination: Grounds for termination and post-termination obligations
13. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Non-Competition: Restrictions on agent's competitive activities, used when agent will have access to sensitive market information
2. Intellectual Property: IP rights and usage terms, included when agent will be using or creating IP
3. Insurance: Insurance requirements and obligations, needed for high-risk activities or regulatory compliance
4. Data Protection: Specific data handling obligations, required when personal data processing is involved
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term agreements
6. Audit Rights: Principal's rights to audit agent's activities, useful for regulatory compliance or risk management
7. Sub-Agents: Terms for appointment of sub-agents, if permitted under the agreement
1. Schedule 1: Services Description: Detailed description of services to be provided by the agent
2. Schedule 2: Territory: Geographic or market scope of the agent's authority
3. Schedule 3: Fee Schedule: Detailed breakdown of fees, commissions, and payment terms
4. Schedule 4: Key Performance Indicators: Specific performance metrics and targets for the agent
5. Schedule 5: Compliance Requirements: Detailed compliance procedures and requirements
6. Appendix A: Power of Attorney: Standard form of power of attorney if required
7. Appendix B: Reporting Templates: Standard forms for regular reporting by the agent
Authors
Financial Services
Import/Export
Real Estate
Retail
Manufacturing
Professional Services
Technology
Logistics and Supply Chain
Insurance
Trading
Consulting
E-commerce
Legal
Commercial
Business Development
Compliance
Operations
Sales
Procurement
Risk Management
Corporate Secretarial
Executive Leadership
Legal Counsel
Commercial Director
Business Development Manager
Compliance Officer
Contract Manager
Chief Executive Officer
Chief Operating Officer
Sales Director
Procurement Manager
Regional Manager
Company Secretary
Risk Manager
Operations Manager
General Manager
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