Make an agency agreement in minutes

Agency Agreement

This Agency Agreement (the “Agreement”) is made and entered into on 29 Jul 2026 (the “Effective Date”), by and between:

Recitals

WHEREAS the Principal manufactures and/or supplies certain products and services (the "Products"); and WHEREAS the Principal wishes to appoint the Agent to promote and solicit orders for the Products in the Territory on the terms set out below; NOW THEREFORE, the parties agree as follows.

Terms & conditions

1. 1. Appointment & Territory

   The Principal hereby appoints the Agent as its [non-exclusive / exclusive] representative for the promotion and sale of the Products within the territory of [insert territory] (the "Territory"), and the Agent accepts such appointment on the terms of this Agreement.

2. 2. Duties of the Agent

   The Agent shall use reasonable endeavours to promote the Products in the Territory, refer all customer enquiries to the Principal, comply with the Principal's pricing and policies, and not enter into any contract on behalf of the Principal without prior written authority.

3. 3. Commission

   The Principal shall pay the Agent a commission of [insert %] on the net invoice value of all orders accepted from customers in the Territory and paid in full. Commission shall be settled within thirty (30) days of each calendar quarter-end.

4. 4. Reporting

   The Agent shall provide the Principal with monthly reports on sales activity, market conditions, competitor activity and customer feedback in the Territory.

5. 5. Term & Termination

   This Agreement shall commence on the Effective Date and continue for an initial term of one (1) year, renewing automatically for successive one (1) year periods unless either party gives ninety (90) days' written notice of non-renewal.

6. 6. Confidentiality & Non-Compete

   During the term and for twelve (12) months thereafter, the Agent shall not represent any products that directly compete with the Products in the Territory, and shall keep confidential all non-public information of the Principal.

7. 7. Independent Contractor

   The Agent is an independent contractor and not an employee, partner or joint venturer of the Principal. The Agent has no authority to bind the Principal except as expressly set out herein.

Governing law & jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of the United Arab Emirates as applicable in the Emirate of Dubai. The parties submit to the exclusive jurisdiction of the courts of Dubai, UAE.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.