An agency agreement is used to outline the terms and conditions of an agent and a company (principal), where the agent shall be authorised to act on the company’s behalf for marketing, promotion and sale of products in the specified territory.

Main sections:

• Definitions
• Background and purpose
• Appointment
• Rights and obligations of the agent
• Rights and obligations of the company
• Compensation
• Term and termination
• Confidentiality
• Term and termination
• Intellectual property rights
• Force majeure
• Amendments and assignment, No waiver and severability, Entire agreement, Prevailing language
• Governing law and Dispute resolution

Optional sections:

• Relationship of the parties
• Sale price
• Non-competition
• Non-solicitation
• Indemnification
• Limitation of liability
• Data protection and anti-bribery
• Notices

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