Ƶ

Termination Of Agency Agreement for Hong Kong

Termination Of Agency Agreement Template for Hong Kong

A formal legal document governed by Hong Kong law that facilitates the mutually agreed termination of an existing agency relationship between a principal and an agent. The document outlines the terms and conditions for ending the agency relationship, including the effective termination date, settlement of accounts, return of property, ongoing obligations, and mutual releases. It ensures compliance with Hong Kong's legal requirements while protecting both parties' interests and providing clarity on post-termination arrangements, financial settlements, and any surviving obligations.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Termination Of Agency Agreement?

The Termination of Agency Agreement is a crucial document used when parties wish to formally end their existing agency relationship in Hong Kong. It's particularly relevant when both parties agree to terminate their arrangement before its natural expiration, or when ending an ongoing agency relationship that has no fixed term. The document addresses key aspects such as financial settlements, confidentiality obligations, and transition arrangements, ensuring compliance with Hong Kong's legal framework. It's essential for protecting both parties' interests and providing a clear record of the termination terms, particularly important in Hong Kong's dynamic business environment where agency relationships are common across various industries. The agreement helps prevent future disputes by clearly documenting the terms of separation and any ongoing obligations.

What sections should be included in a Termination Of Agency Agreement?

1. Parties: Identification of the Principal and Agent, including full legal names and registered addresses

2. Background: Brief recital of the original agency agreement, its date, and the parties' desire to terminate the relationship

3. Definitions: Key terms used in the agreement, including reference to the Original Agency Agreement and Termination Date

4. Termination: Clear statement of termination, effective date, and mutual agreement to terminate

5. Settlement of Accounts: Provisions for final accounting, payment of outstanding commissions, and financial settlements

6. Return of Property: Requirements for return of materials, documents, and property belonging to the Principal

7. Confidentiality: Ongoing obligations regarding confidential information and trade secrets

8. Release and Waiver: Mutual release from future claims related to the agency relationship

9. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction

10. Execution: Signature blocks and execution details

What sections are optional to include in a Termination Of Agency Agreement?

1. Transition Arrangements: Used when there is a need to manage handover of clients or ongoing business to the Principal or new agent

2. Non-Compete Provisions: Include when restricting the Agent's future business activities is necessary

3. Intellectual Property Rights: Required when the agency relationship involved creation or use of intellectual property

4. Insurance and Indemnity: Include when specific insurance obligations or indemnities need to survive termination

5. Customer Communication: Used when there is a need to manage communications to customers about the termination

6. Outstanding Disputes: Include when there are existing disputes that need to be addressed as part of the termination

7. Surviving Provisions: Used when specific provisions from the original agreement need to survive termination

What schedules should be included in a Termination Of Agency Agreement?

1. Schedule 1 - Financial Settlement: Detailed breakdown of final payments, commissions, and financial settlements

2. Schedule 2 - Property List: Inventory of items, documents, and materials to be returned to the Principal

3. Schedule 3 - Original Agency Agreement: Copy of the original agency agreement being terminated

4. Schedule 4 - Transition Timeline: Detailed timeline for handover of responsibilities and completion of termination actions

5. Appendix A - Client List: List of clients affected by the termination, if applicable

6. Appendix B - Outstanding Matters: List of pending transactions or matters requiring resolution

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Release Agreement

Cost

Free to use

Find the exact document you need

Video Production Services Agreement

A Hong Kong law-governed agreement setting out terms and conditions for professional video production services, including project scope, deliverables, and rights management.

Download

Vehicle Buy Sell Agreement

A legally binding agreement for vehicle sale and purchase in Hong Kong, compliant with local transport and consumer protection regulations.

Download

Tenancy Notice Letter To Agency

A formal notice letter used in Hong Kong to communicate tenancy-related matters between principal parties and their real estate agency.

Download

Standard Vendor Contract

A Hong Kong law-governed vendor agreement establishing terms and conditions for supplier relationships, incorporating local legal requirements and commercial best practices.

Download

Mutual Release Agreement (Real Estate)

A Hong Kong law-governed agreement providing for mutual release of claims and obligations between parties in real estate matters.

Download

Settlement Agreement Taxable

A legally binding settlement agreement under Hong Kong law that includes specific provisions for tax treatment and reporting obligations.

Download

Release Of Memorandum Of Contract

A Hong Kong legal document that formally releases and removes a previously registered memorandum of contract from the Land Registry records.

Download

Photo And Video Consent Form

A Hong Kong-compliant consent form for the capture and usage of photographs and videos of individuals, aligned with local privacy laws.

Download

Release And Covenant Not To Sue

A Hong Kong law-governed agreement combining a release of claims with a covenant not to sue, used to settle disputes and prevent future litigation.

Download

Personal Training Waiver

A Hong Kong-compliant waiver document that protects fitness professionals and facilities from liability while ensuring fair terms for clients under local law.

Download

Presentation Skills Evaluation Form

A Hong Kong-compliant evaluation form for assessing professional presentation skills, including both scoring metrics and feedback components.

Download

Waiver Of Claims Agreement

A Hong Kong law-governed agreement documenting the voluntary waiver of legal claims by one party against another in exchange for consideration.

Download

Termination Of Contract Of Employment

A Hong Kong law-governed agreement documenting the mutual termination of employment, including termination terms, final payments, and post-termination obligations.

Download

Tenant Termination Of Lease Agreement

A Hong Kong law-governed agreement that formally terminates a lease between tenant and landlord, setting out termination terms and mutual obligations.

Download

Employee Termination Agreement

A Hong Kong law-governed agreement that formalizes employment termination terms between employer and employee, including final payments, benefits, and mutual obligations.

Download

Termination Of Agency Agreement

A Hong Kong law-governed agreement that formally terminates an existing agency relationship, setting out termination terms, settlements, and post-termination obligations.

Download

Release Of Medical Records To Family Members Form

A Hong Kong-compliant form authorizing family members to access specified patient medical records, subject to local privacy laws and healthcare regulations.

Download

Release Of Guarantee Agreement

A Hong Kong law-governed agreement that formally releases a guarantor from their obligations under an existing guarantee arrangement.

Download

Confidential Private Placement Memorandum

A Hong Kong-compliant confidential document for private securities offerings to professional investors, structured under SFC regulations.

Download

Waiver Of Appearance

A Hong Kong law-governed document where a party formally waives their right to appear in specific court proceedings or legal matters.

Download

Release Form For Car

A Hong Kong-compliant legal document for transferring vehicle ownership and releasing associated liabilities between parties.

Download

Simple Waiver

A Hong Kong law-governed document that formally records one party's voluntary relinquishment of specific rights or claims against another party.

Download

Severance Pay Release Of Claims

A Hong Kong law-governed agreement documenting severance payment terms and the employee's release of claims against their employer.

Download

Employee Reference Release Form

A Hong Kong-compliant authorization form allowing employers to provide employment references while protecting all parties' interests under Hong Kong law.

Download

Relationship Separation Agreement

A Hong Kong law-governed agreement that formally documents the terms and arrangements of relationship separation, including asset division and financial settlements.

Download

Media Production Agreement

A Hong Kong law-governed agreement setting out terms and conditions for media production services, including deliverables, rights, and payment terms.

Download

Talent Management Agreement

A Hong Kong-governed agreement establishing the terms and conditions between a talent manager/agency and their represented talent, including representation rights, duties, and compensation.

Download

Simple Service Level Agreement

A Hong Kong-governed agreement defining service performance standards, metrics, and remedies between service provider and recipient.

Download

Event Waiver Form

A Hong Kong-compliant legal document where participants acknowledge risks and waive certain legal rights related to event participation.

Download

Release Of Claims Settlement Agreement

A Hong Kong law-governed agreement that documents the settlement of claims between parties, including release terms and consideration.

Download

Release And Waiver Of Claims Agreement

A Hong Kong law-governed agreement where one party releases another from specific claims or liabilities in exchange for consideration.

Download

30 Days Lease Termination Letter

A Hong Kong-compliant formal notice providing 30 days' notice to terminate a lease agreement, including termination date and handover arrangements.

Download

Severance Pay Non Compete Agreement

A Hong Kong law-governed agreement combining severance payment terms with non-compete restrictions for departing employees.

Download

Release And Waiver Agreement

A Hong Kong law-governed agreement where one party releases claims or rights against another, preventing future legal actions related to specific matters.

Download

Location Filming Agreement

A Hong Kong law-governed agreement that sets out terms for using a specific location for filming purposes, including access rights, compensation, and safety requirements.

Download

Loan Referral Agreement

Hong Kong law-governed agreement establishing terms for referring potential borrowers to lenders, including regulatory compliance and compensation terms.

Download

Full And Final Payment Agreement

A Hong Kong law-governed agreement that documents final settlement terms and complete release of claims between parties, including payment obligations and mutual releases.

Download

Release And Waiver Of Claims

A Hong Kong law-governed agreement where one party releases legal claims against another party in exchange for consideration, providing a framework for dispute resolution and litigation prevention.

Download

Settlement Agreement And General Release

A Hong Kong law-governed agreement that resolves disputes between parties through settlement terms and mutual release of claims.

Download

Photo Licensing Contract

A Hong Kong law-governed agreement establishing terms for licensing and usage of photographic works, including rights, compensation, and protection measures.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it