Our skilled team of experts can advise and draft bespoke agency agreements. An agency agreement is where an individual or corporate entity or business is appointed by another party to act on their behalf. An agency agreement may be used for many purposes including to distribute, to sell or to negotiate or represent a principal. The agreement will bind both parties legally.
An agency agreement must be clear and well-structured for the avoidance of doubt. The agreement will specify the scope of the agency as well as the territory it covers. It will also set out the obligations of both the agent and principal including payment and commission. Conflict clauses to deal with breach and non- performance should be included, with a clause to provide if possible, solution by mediation.
An agency agreement can be either a sole or exclusive agreement.
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