Middleman Commission Agreement for Singapore
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Middleman Commission Agreement
"I need a Middleman Commission Agreement for my Singapore-based manufacturing company to engage a sales agent in Malaysia who will help us find new distributors, with a 5% commission structure and minimum quarterly sales targets starting from March 2025."
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1. Parties: Identification and details of the principal and the middleman
2. Background: Context of the agreement and basic understanding between parties
3. Definitions: Key terms used throughout the agreement including commission, territory, and products/services
4. Appointment and Scope: Terms of middleman's appointment and detailed scope of services
5. Commission Structure: Detailed breakdown of commission rates and calculation methods
6. Payment Terms: Timeline and method of commission payments, including conditions for payment
7. Duration and Termination: Contract period, renewal terms, and circumstances for termination
8. Obligations of Parties: Detailed responsibilities of both principal and middleman
9. Confidentiality: Provisions regarding confidential information and trade secrets
10. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Non-Compete Clause: Restrictions on competitive activities during and after the agreement term
2. Intellectual Property Rights: Protection and usage rights of intellectual property involved in the transaction
3. Force Majeure: Provisions for unforeseen circumstances preventing performance
4. Insurance Requirements: Specifications for required insurance coverage and liability protection
5. Data Protection: Compliance provisions with Singapore's Personal Data Protection Act
1. Schedule 1 - Commission Rate Schedule: Detailed breakdown of commission rates for different types of transactions
2. Schedule 2 - Service Territory: Geographic areas covered by the agreement
3. Schedule 3 - Product/Service List: Comprehensive list of products or services covered by the agreement
4. Schedule 4 - Performance Metrics: Key Performance Indicators and performance measurement criteria
5. Schedule 5 - Standard Operating Procedures: Detailed procedures for carrying out middleman duties
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