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1. Denition 2. Parties to the Agreement 3. Main clauses and sample 3.1 Exclusivity 3.2 Commitment not to compete 3.3 Obligation to inform 3.4 Agents Commission 3.5 Compensation for termination 4. Law applicable 5. Model Agreement
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1. DEFINITION
In this agreement, one party (Principal) asks other party (Agent), either a person or a company to carry out the promotion of international trade transactions for a continuous period of time as an independent intermediary without assuming liability for those transactions. The intermediary receives payment exclusively through commission on transactions which are completed successfully, and in some cases certain costs may be taken into account, for example trips expenses or promotional activity.
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3. MAIN CLAUSES AND SAMPLE Some of the most important clauses in the International Commercial Agency Agreement are as follows: Exclusivity Commitment not to compete Obligation to inform Agents Commission Compensation for termination
In such cases, the Agent shall be entitled to receive a reduced commission as set out in the Annexes, unless the Principal has reserved the right to negotiate exclusively with clients mentioned in the Annexes of the present Agreement.
4. LAW APPLICABLE The Parties shall exercises their best efforts to resolve by negotiation any dispute, controversy o difference between them arising out or relating to this Agreement. The parties are free to submit any conicts regarding the agreement to International Arbitration or to the Laws of the country of one of the parties. The conicts will normally be subject to the Courts of the country of the Principal and, specically, to those of the town/city where it has its registered offices.
See sample International Commercial Agency Agreement
5. MODEL Agreement
In order to obtain the model agreement in Word format and the user guide, click on: International Commercial Agency Agreement
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