An agency agreement should detail the agent's authority to enter into contracts on behalf of your business - is the agent appointed simply to find customers or is the agent provided with the authority to enter into contracts in specified circumstances? What territory will the agent to cover and will that agent have exclusive rights to that territory?
The agreement should also set some duties for the agent:
Terms of the agreement will also deal with how the agent is to be paid and whether this is to be by commission.
Finally, the agreement should deal with the termination of the agency relationship. You should bear in mind that an agent may by law be entitled to compensation upon such termination again, which can be very costly.
Very thorough and precise with each contract and have made it very easy for us to feel very confident going into new territories, whether it being a different country or a different manufacturer.
Have dealt with several staff at Forbes. Always very clear, professional and approachable. Happy to recommend them and will use again.
John brings a high level of expertise which we're sure will benefit our members.
NWL Chamber of Commerce
Forbes Solicitors have acted on behalf of WEC Group Limited for many years providing advice on a range of matters including Corporate & Restructuring and Commercial Property.
WEC Group Limited
John provides practical and concise advice and support in a professional and timely manner.
Thanks John, your services have been impeccable and as such I will have no hesitation to recommend both your services and those of Forbes Solicitors.
GM Bespoke Events