How To Conclude An Agency Agreement

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How To Conclude An Agency Agreement
How To Conclude An Agency Agreement

Video: How To Conclude An Agency Agreement

Video: How To Conclude An Agency Agreement
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The agency agreement is concluded between the principal (customer of services) and the agent (intermediary in the implementation of the order). The need for such an agreement arises when one party, for whatever reason, does not want or cannot independently deal with the solution of the problem.

How to conclude an agency agreement
How to conclude an agency agreement

Instructions

Step 1

The place and date of its drawing up / signing, as well as factual information about the principal and the agent, are indicated in the "header" of the agency agreement. If the parties are legal entities, then the name of the company, position and full name of the person authorized to sign the agreement are entered. Individuals provide passport data.

Step 2

In the paragraph "Subject of the contract", the principal instructs the agent to perform certain actions on his behalf and in his interests for a fee. The details of the order should be placed in the annex to the agreement, and here you can make a link to it. Financial conditions, terms and procedure of payment, currency of settlements are prescribed in a separate paragraph.

Step 3

This is followed by the section "Rights and obligations of the parties", which reflects the obligations and procedures of the agent. It is also indicated that the agent must inform the principal about the state of affairs with a certain frequency, the cases are stipulated in which it is required to coordinate issues with the latter and obtain his written approval, the reporting form is determined. In turn, the principal undertakes to provide the agent with all the funds necessary for the implementation of the task. In addition, it is necessary to provide for the conditions under which the termination of the contract may occur.

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