While there may be more advantages than disadvantages associated with the use of agency contracts, there are risks. Responsibility is the obvious risk, like most other types of agreements. You are z.B the client, and your agent signed a contract on your behalf without letting you read the terms of the contract. You are automatically responsible for the provisions signed by your agent. And if your agent commits an illegal act, you commit the same act as the sponsor, since your agent represents you. That is why it is essential that you set clear and appropriate conditions that protect your interests as a sponsor if your agent commits serious misconduct. One thing you could do is clearly limit your liability if your agent has committed an act that is not expressly stated in the agreement. (h) “territory” [insert list of countries covered by the Agency]. This agreement constitutes the whole agreement between the parties on this subject and replaces all previous agreements and instruments in this area.
If there is a discrepancy between the provisions of the exclusive agency agreement and the provisions of Schedule A or Appendix B, the terms of the exclusive agency agreement apply. This agreement can only be amended by a written instrument executed by duly accredited representatives of the parties. The receptive party may not disclose confidential information to the party who has disclosed it only to its staff members or contractors who are required to know this information. In addition, before disclosing this confidential information to such an employee or contractor, this staff member or contractor is informed of the confidentiality of the confidential information and establishes or is already bound by a confidentiality agreement with conditions that are in accordance with the terms set out in this agreement. Before you start writing your agency contract, you must first find your goals. By deciding what goals you want to achieve, you can easily establish an agency agreement specifically focused on achieving those goals. You can also avoid as many setbacks as possible. While it contains the terms you and your agent have already agreed, it is also worth mentioning the objectives you want to achieve from this agreement.