When looking to hire a sourcing agent, it`s important to protect yourself and your business by signing an agreement with the agent. This agreement helps outline the responsibilities of both parties and ensures a smooth working relationship between you and your sourcing agent. But what should be included in such an agreement? Here`s a sample sourcing agent agreement to help guide you.

First and foremost, the agreement should begin with a clear definition of the services the sourcing agent will provide. This includes everything from finding and negotiating with suppliers to handling logistics and quality control. It`s important to be specific about what services are included to avoid any confusion down the line.

Next, the agreement should outline how the sourcing agent will be compensated. This can either be a flat fee or a percentage of the purchase order value. Be sure to include any additional expenses that may be incurred, such as travel costs or translation fees.

The agreement should also outline the expected timeline for the sourcing agent`s services. This includes when they will begin sourcing and when the final delivery of goods is expected. It`s important to establish deadlines to ensure that both parties are aware of the timeline and can plan accordingly.

In addition, the agreement should include provisions for non-disclosure and confidentiality. This is especially important if you`re sourcing a unique product or working with a new supplier. The sourcing agent should agree not to share any confidential information with third parties without your permission.

Finally, the agreement should outline the rights and responsibilities of both parties in case of disputes or termination of the agreement. This includes any penalties or fees associated with early termination of the contract.

Overall, a well-crafted sourcing agent agreement can help protect your business and ensure a successful partnership with your agent. Be sure to work with a legal professional to ensure that your agreement meets all necessary legal requirements.