The Representation Agreement is a crucial document used when one party (principal) wishes to authorize another party (representative) to act on their behalf in Singapore. This agreement type is commonly used in various commercial contexts and must comply with Singapore's legal requirements, including the Civil Law Act and Agency Law principles. The agreement typically covers essential elements such as scope of authority, territory, compensation, and termination provisions, while also addressing specific industry requirements depending on the nature of representation.
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1. Parties: Identification of principal and representative with full legal names and addresses
2. Background: Context of the representation arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Representation: Detailed description of representation rights and limitations
5. Term and Termination: Duration of agreement and termination provisions
6. Compensation: Payment terms, commission structures, and expenses
7. Obligations of Representative: Duties and responsibilities of the representative
8. Obligations of Principal: Duties and responsibilities of the principal
1. Territory: Geographic scope of representation - used when representation is limited to specific regions
2. Exclusivity: Terms of exclusive representation rights - used when granting exclusive representation rights
3. Non-Compete: Restrictions on competitive activities - used when protecting business interests post-termination
4. Intellectual Property: Usage rights for trademarks and materials - used when IP rights are involved in representation
1. Commission Structure: Detailed breakdown of commission calculations and payment terms
2. Territory Map: Visual representation of geographical coverage area
3. Product List: List of products/services covered by representation
4. Reporting Ƶ: Standard forms for regular reporting requirements
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