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British Law >> Organisation Area >> Agency Agreement

Agency Agreement

An agency agreement is normally made between two parties, the Agent and the Principal, and allows the Agent to sell products, either goods or services, on behalf of the Principal in return for payments normally calculated as a part of the sales cost - commission.

Such an agreement normally covers issues such as confidentiality, intellectual property, territory, term of application, exclusivity, obligations of the parties, procedures for processing orders, rates of pay or commission, and conditions around termination of the agreement.

An agency agreement can be drafted for you by a lawyer, or you can use and adapt a standard agreement form such as supplied by a legal document supplier. .