Agency Agreements

Description

Agency Agreements establish relationships where agents represent principals in business transactions, creating sales and business development relationships. Our agency agreement drafting service addresses agent authority and obligations. We establish principal and agent identification. We draft agency authority provisions specifying scope of authority (negotiating contracts, concluding contracts on principal’s behalf, soliciting customers, limited authority for specific transactions). We address actual authority vs apparent authority and limitations on agent authority. We establish compensation provisions specifying commission rates (percentage of sales, tiered commissions, fixed commissions per transaction), payment timing, and payment conditions. We draft reimbursement provisions addressing agent reimbursement for authorized expenses (travel, customer entertainment, promotional costs). We establish performance obligations requiring agents to actively solicit business, maintain professional standards, and comply with applicable laws. We address principal obligations including providing marketing support, training, and timely commission payment. We draft territory provisions if applicable (exclusive agent territory, non-exclusive territories, multiple agents). We establish intellectual property provisions protecting principal’s trademarks and proprietary information. We address confidentiality and non-compete provisions restricting agent from soliciting principal’s customers or competing during term and post-termination. We establish termination provisions including at-will termination (notice period), termination for cause, and termination procedures. We draft post-termination obligations including customer list return and non-solicitation survival. We address indemnification provisions protecting principal from agent’s breaches or unauthorized acts. We establish dispute resolution and governing law.