Agency agreement template
Create and automate agency agreements more efficiently with this free template.
Create and automate agency agreements more efficiently with this free template.
Create and automate agency agreements more efficiently with this free template. Enable businesses to establish clear relationships with agencies and ensure both parties are on the same page.
Agency agreements are pivotal for businesses that want to outsource certain tasks or services. But what are agency agreements, who uses them, and how can you create one? Let's dive in.
An agency agreement is a legal contract that establishes a relationship between two parties: the principal and the agent.
The principal authorizes the agent to act on its behalf, typically to provide certain services or represent the principal in specific transactions. This type of contract is common in sectors like real estate, entertainment, and sales.
Agency agreements are essential tools for businesses that want to expand their reach without increasing their workforce. They allow companies to leverage the expertise and networks of agents, ensuring that both parties benefit from the relationship.
An exclusive agency agreement grants the agent exclusive rights to represent the principal in specified transactions or areas. This means the principal cannot appoint another agent for the same purpose during the agreement's term.
On the other hand, a non-exclusive agency agreement allows the principal to engage multiple agents for the same purpose. It's crucial to understand which type you're entering into to ensure both parties' expectations are aligned.
Having an agency agreement template set up and ready to use is one thing, but knowing when to use it is another. You should consider using an agency agreement when you are:
Various departments and individuals might require agency agreements, including:
Not to mention, legal teams typically create and manage agency agreement templates, ensuring compliance and consistency across the organization.
.png)
Creating an agency agreement from scratch can be tedious.
Modern businesses are turning to automation to streamline the process, ensuring consistency and efficiency. Automated templates can help generate agency agreements quickly, allowing teams to focus on high-value tasks.
Q: What's the difference between an agent and a distributor?
A: An agent represents the principal and acts on its behalf, while a distributor buys products from the principal and sells them independently.
Q: Can an agency agreement be verbal?
A: While it's possible, a written agreement is advisable to ensure clarity and protect both parties' interests.
Q: How is an agent compensated?
A: Compensation can vary, but it's often based on commissions, a flat fee, or a combination of both.
Q: What happens if an agency agreement is breached?
A: The injured party may seek remedies, including damages or termination of the agreement.
Q: Can agency agreements be terminated early?
A: Yes, but the conditions for early termination should be clearly defined in the agreement.
Fortunately, the challenges of managing agency agreements can be effectively addressed with an all-in-one contract management solution like Juro.
With Juro, businesses and agencies can:
In essence, Juro offers a comprehensive solution for businesses looking to streamline and optimize their agency agreement processes, ensuring efficiency, compliance, and collaboration at every step.
To join the 6000+ businesses already using Juro to power their contracts and safely automate routine contract admin, hit the button below.
Juro is the #1-rated contract platform globally for speed of implementation.
.svg){kind=logo}
Hello. We are Juro Online Limited (known by humans as Juro). Here's a summary of how we protect your data and respect your privacy.
Modern businesses use Juro to automate contracts from drafting to signature and beyond, in one intuitive platform that every team can use. Want to see how?
Sign me up
