2. Don`t forget to sign and keep a copy of the agency agreement. Both parties are required to comply with the conditions set out in the agency contract they themselves have signed. Signing the agency contract is not enough. Each party must comply with all the provisions of the agency agreement. For example, even if the broker does not sell your property within two months as agreed, this is already considered a violation of the terms of the contract. That is why many problems will arise in the future. While it can be solved through communication, prevention is always better than medications. For this reason, both parties must first comply with the provisions of the agreement in order to avoid undesirable circumstances. Please indicate the scope of activities that the agent should carry out when signing the agreement. These activities should be in the best interests of the adjudicating entity. It should also be noted that the agent acts on behalf of the adjudicator power and is required to act in accordance with the instructions given. Today, agencies have become the norm for businesses because they eliminate the burden of having to deal directly with certain issues.
An agency agreement therefore becomes an important document that it must understand when it comes to an agent who, over time, conducts business and makes decisions on your behalf. An agent can be a salesman, a lawyer, an accountant, etc. An important part of the agency agreement is the explicit definition of agent and client. Note that the agent and/or client may be an individual or a business. For example, a company can establish an agency relationship with another company, a person with another person, a business with an individual and even a person with a business. The duration of the agency corresponds to the length of time required for the agent by the client. The length may even refer to the principle that allows the officer to continue and complete the services or service that ends on a given date. Let it be a warning to those who are about to reach an agreement with agents. Note these things when dealing with agency contracts: a principle is at the origin of the agency agreement; a principle looking for an agent who provides certain services to his business. The document serves as a fact sheet containing relevant details about both parties, the senior officer and the officer. It also describes the nature of the activity in which the client operates.
Many see the similarity between agency contracts and distribution agreements because, in addition to the fact that these two types of measures are commercial agreements, they also establish a fiduciary relationship between two willing parties. However, these are two separate agreements with different functions.