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1. Parties: Identification of the principal (buyer) and the commission agent, including full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement, explaining the buyer's intention to engage the commission agent's services
3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Services', 'Territory', and other relevant definitions
4. Appointment and Scope: Terms of the agent's appointment and detailed description of services to be provided
5. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
6. Payment Terms: Timing and method of commission payments, including invoicing requirements and payment currency
7. Duration and Termination: Term of the agreement and circumstances under which either party may terminate
8. Obligations of the Agent: Specific duties and responsibilities of the commission agent
9. Obligations of the Buyer: Specific duties and responsibilities of the buyer
10. Confidentiality: Protection of confidential information shared between parties
11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for dispute resolution
12. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and notices
1. Exclusivity: Used when the agent is granted exclusive rights in certain territories or for certain types of transactions
2. Performance Targets: Include when specific performance metrics are required to maintain the agreement
3. Sub-Agents: Include when the agent may need to appoint sub-agents, specifying conditions and approval requirements
4. Insurance: Include when specific insurance requirements are needed for high-value transactions
5. Compliance with Anti-Bribery Laws: Include for international transactions or when dealing with government entities
6. Force Majeure: Include when needed to address unforeseen circumstances affecting performance
7. Non-Competition: Include when restricting the agent from representing competing interests
8. Training and Support: Include when the buyer will provide specific training or support to the agent
1. Commission Rate Schedule: Detailed breakdown of commission rates for different types of transactions or values
2. Territory Definition: Detailed description of geographical areas or market segments covered by the agreement
3. Service Level Agreement: Specific performance metrics and service standards
4. Approved Sub-Agents: List of pre-approved sub-agents if applicable
5. Required Documentation: Ƶ and forms required for commission claims and reporting
6. Compliance Procedures: Detailed procedures for ensuring compliance with UAE regulations
7. Contact Details: Key contact persons and escalation matrix for both parties
Real Estate
International Trade
Commodities
Manufacturing
Retail
Construction
Oil & Gas
Technology
Industrial Equipment
Luxury Goods
Automotive
Professional Services
Legal
Procurement
Finance
Operations
Commercial
Compliance
Supply Chain
Business Development
Risk Management
Contract Administration
Procurement Manager
Commercial Director
Purchasing Officer
Legal Counsel
Contracts Manager
Business Development Manager
Chief Procurement Officer
Supply Chain Manager
Operations Director
Finance Manager
Compliance Officer
Sales Director
General Manager
Managing Director
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