Commercial contracts
Agency Agreement
An agency agreement (§ 577 of the Commercial Code) governs long-term representation of a supplier by a commercial agent. The agent procures business on behalf of the principal and receives commission. The agreement covers territory, exclusivity, commission rate and calculation, and termination rights including agent compensation.
These templates are for illustrative purposes only. They are not legal advice — consult a lawyer before signing.
Contract preview
What the agreement covers
- Scope of representation — products or services and territory
- Exclusivity or non-exclusive nature of the representation
- Commission rate and calculation on concluded transactions
- Agent's obligations — activity, reporting, protection of interests
- Minimum business volume (if agreed)
- Agent compensation upon termination of the agreement
Frequently asked questions
The agent has a statutory right to compensation (up to one year's commission) if the principal terminates without serious cause and the agent has brought in new customers.