Agency Agreement Draft

Manufacturers and suppliers of goods often use agents who work on their behalf in sales promotion, both in the manufacturer`s home country and abroad. As a rule, a formal agreement is signed that sets out the commission received by the agent, the territory, the duration and other conditions under which the client and the agent will do business together. A supplier may prevent an agent from selling products competing with another company in the defined area during the term of the agreement or for a period after the end of the agreement. A supplier may also prevent the agent from exceeding a cost limit during the specified period and may require an agent to provide a guarantee that protects the supplier if a buyer does not pay. Once the agency contract is concluded, it could be the beginning of a very long-term business relationship. You may also terminate this agreement by licensing the agent in writing. In this document, you can set the notice period. . . .