The main clauses of the Agency Agreement

1. Signatories description - the Principal - company name, address, trade register number, represented by; the Agent - name, address, registration number 

2. Territory and Products -appointment of the Agent as representative for products purchasing in the Territory

3. Agent’s function - main responsibilities for Agent 

4. Acceptance of offers by the Principal - procedure 

5. Principal to be kept informed - Agent reports on his activities and market situation 

6. Dealing within the Territory - Principal deals in the Territory without Agent mediation 

7. Agent to be kept informed - Principal' s obligation to inform the Agent concerning the products data and purchasing terms and conditions

8. Agent’s commission - percent and commission right acquirance 

9. Method of calculating commission and payment - calculation, commission, right acquirance, statement, payment term, audit, currency of payment, taxes payable on commission

10. Unconcluded business - no commission due 

11. Term of the contract - period of contract, renewals 

12. Unfinished business - commission on unfinished businesses after agency contract termination 

13. Penalty clause - payment delay for commission payment 

14. Arbitration and applicable law - indication of contract governing law and the way of settlement of contract disputes 

15. Miscellaneous provisions