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Exclusive Agency Agreement Form Template for Singapore

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Key Requirements PROMPT example:

Exclusive Agency Agreement Form

"Need an Exclusive Agency Agreement Form under Singapore law for appointing a sole distributor for our medical devices in Southeast Asia, with specific performance targets and a 3-year term starting January 2025."

Document background
The Exclusive Agency Agreement Form is essential for businesses operating in Singapore seeking to establish protected distribution or representation channels. This document formalizes exclusive rights granted to an agent, protecting both parties' interests under Singapore's legal framework. It's particularly crucial when a principal wants to ensure market control through a single representative while maintaining compliance with Singapore's competition laws. The agreement typically includes detailed provisions on territory, commission structures, performance expectations, and termination rights, making it a comprehensive tool for managing exclusive commercial relationships.
Suggested Sections

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 Scope: Terms of exclusive appointment and scope of authority

5. Duration: Term of the agreement including commencement date

6. Duties and Responsibilities: Obligations of both agent and principal

7. Compensation: Commission structure and payment terms

8. Termination: Conditions and process for ending the agreement

Optional Sections

1. Territory: Geographic scope of agency - used when agency is limited to specific regions

2. Performance Targets: Specific goals or quotas - used when measuring agent's performance

3. Non-Compete: Restrictions on competitive activities - used when protecting business interests

4. Insurance: Required insurance coverage - used when specific risks need coverage

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission rates and calculations

2. Territory Map: Visual representation of geographic coverage

3. Product List: List of products/services covered by agreement

4. Performance Metrics: Detailed KPIs and measurement criteria

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses


































Industries

Common Law Agency Principles: Fundamental principles of agency law derived from English Common Law that govern the agent-principal relationship in Singapore

Civil Law Act (Cap. 43): Primary legislation governing civil matters including contractual relationships and obligations in Singapore

Contract Law Act (Cap. 53): Key legislation governing formation and enforcement of contracts in Singapore

Estate Agents Act (Cap. 95A): Specific legislation governing real estate agency relationships and requirements if the agreement pertains to real estate

Insurance Act (Cap. 142): Regulatory framework for insurance-related agency agreements if the contract involves insurance services

Securities and Futures Act (Cap. 289): Legislation governing financial services and securities-related agency arrangements

Competition Act (Cap. 50B): Legislation ensuring exclusive arrangements do not violate competition laws in Singapore

Consumer Protection (Fair Trading) Act: Protection framework for consumer transactions and fair trading practices

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Legislation governing trade descriptions and safety requirements in consumer transactions

Business Registration Act (Cap. 32): Requirements for business registration and compliance for agents operating in Singapore

Companies Act (Cap. 50): Corporate law requirements affecting agency relationships involving companies

Fiduciary Duties: Legal obligations of loyalty, care, and good faith owed by agents to their principals

Private International Law: Principles governing cross-border agency relationships and international transactions if applicable

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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