Promote a productive business relationship and protect the interests of all parties with an Agency Agreement.
Establish and maintain positive agency relationships with streamlined agency agreements. We craft agreements that ensure clarity for all parties, minimising risks and proving a solid foundation for your future interactions.
FAQs
An agency agreement is a legal contract between two parties where one party (the principal) authorises the other (the agent) to act on their behalf in business dealings with third parties.
This agreement outlines the scope of the agent’s authority during decision-making, their responsibilities, and the terms of their relationship with the principal.
Agency Agreements are applicable to many different industries. Some examples of where an Agency Agreement is relevant include:
Agency Agreements can be beneficial on a financial and legal level.
Working with an agency/agent can allow the principal to broaden their business scope, build brand awareness, and ultimately close deals.
Implementing a legally-sound Agency Agreement sets expectations for each party, reduces potential misunderstandings, and protects the interest of both parties.
Your Agency Agreement is tailored to your industry and the type of business relationship you intend to have. Some common clauses include:
Whilst templates for Agency Agreements are readily available, it’s important to exercise caution when using them.
An online template may be cost-efficient, but it is unlikely to contain terms relevant to your circumstances, and may not be up-to-date with industry standards or UK legislation.
Consulting with a commercial solicitor to draft or review your agreement will prevent potential issues down the line and ensure you’re protected in all eventualities.
If you decide to use a template and then ask a solicitor to check it, they may need to rewrite it.
The key stages involved in drafting an Agency Agreement include:
Depending on your matter, a typical review of your Agency Agreement will involve:
If you need an Agency Agreement drafted or reviewed by a solicitor, we can help. Just give us a call on 0203 007 5500.
The time required to draft an Agency Agreement can vary significantly depending on the complexity of the arrangement and the level of negotiations involved.
Your solicitor will give you a time estimate upon further discussions of your matter.
The cost of a draft or review depends on the document length, the complexity of the agreement, and the revisions required.
Once you have outlined your needs with our solicitors, we can provide a fee estimate.
To request a callback from our commercial solicitors, please call us on 0203 007 5500.
Call, email or provide us with a few details of your matter, and we’ll help you arrange an initial consultation. You’ll get:
We know legal matters can be stressful, but we’re always here to help.
No fee surprises. With monthly itemised billing and a range of fee options from fixed fees to deferred fee arrangements, we’ll help you keep costs down.
No chat bots or lengthy phone menus. Speak directly to a member of our team every time you contact us.
We’ll reply to any questions you have within 24 business hours so you’ll have the information you need to make the right decisions.
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