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CHAPTERXXVIIOVERSEASAGENTSDISTRIBUTORS
* CHAPTER XXVII OVERSEAS AGENTS/ DISTRIBUTORS AGENCY AGREEMENTS International Partner Search Service Agency Agreement With a U.S. Manufacturer Agency Agreement With an Overseas Agent * Overseas Agents/Distributors Agents Distributors are essential Time cost for locating reliable agents and distributors are too high for small businesses. One of reasons why most U.S. manufacturers are not engaged in export business * International Partner Search Service U.S. Commercial Service of USDC locates the most suitable agents, distributors, joint-venture partners, licensees provides up to 5 prequalified partners Save time and money by working only with pre-qualified partners Obtain market information on marketability and sales potential Receive complete contact information on key officers and on the companies, and a statement from each potential partner on the marketability of U.S firm’s products or services Get all information within 30 business days * Agency Agreement with U.S. Manufacturer Manufacturer’s appointment of an EMC as an exclusive sales agent or export department for a certain territory: all foreign countries or a few countries Compensation: Commission or salary, salary plus comm. EMC’s right to appoint overseas agents and distributors EMC’s minimum performance requirement Jurisdictional clause Arbitration clause Contract period Contract termination clause * Agency Agreement with Overseas Agent ICC Model Commercial Agency Contract: ICC Publication No. 644F Agent shall not have business dealings with competitive firms. Not reveal any confidential information in a way that would prove injurious, detrimental, or competitive to the U.S. firm. Not enter into agreements binding the U.S. firm without prior approval. * Agency Agreement with Overseas Agent Refer all inquiries received from outside designated sales territory to the U.S. firm. Apply the utmost skill and ability to the sale of the product for the compensation named in the contract. Meet the
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