Matters Needing Attention In Signing Overseas Agency Contracts

1. the names of both parties should be full names rather than abbreviations.

Our party or the other party is a member of a group company, such as a subsidiary company or a branch company.

2., clear the way of paction.

Whether it is agent or distribution.

Is it an exclusive agent or distributor or agent or distributor in other ways?

Whether foreign companies are allowed to represent or distribute products from other parties.

3. designate the area.

According to the specific circumstances of the paction and the intention of our party and the ability of the other party to expand the market, the contract shall clearly stipulate the territory of the foreign company's agency or distribution.

So as not to cause our products in different markets, because of different sellers and price competition.

4. specify the scope and quantity or amount of the product.

That is, the specific products of agency or distribution by foreign companies, and the quantity or amount of products that should be represented or distributed within a definite period.

5. remuneration and payment settlement.

According to the mode of paction is agent or distribution, a clear calculation of the remuneration.

It is agreed that the two sides should pay the remuneration, and even the settlement and payment of the goods under the mode of distribution.

6. the case of termination of the contract.

It should be agreed on which circumstances the contract will terminate automatically and which cases are to terminate the contract in advance.

This is very important for protecting our interests and controlling the initiative of pactions.