A local service agent agreement is a legal document that establishes a relationship between the local service agent and the foreign company. The purpose of this agreement is to clarify the rights and responsibilities of both parties, as well as set forth their obligations.
The local service agent is responsible for providing services in connection with the sale of products or services within a specific territory. This includes providing marketing, sales, and technical support for those products or services, as well as shipping and handling orders. The foreign company retains ownership and control over all intellectual property associated with its products or services, even though they may be sold through a third party such as a local service agent.
The local service agent is not an employee of the foreign company but rather works independently while retaining their own staff and offices. A local service agent the agreement will specify how compensation will be calculated based on sales volume as well as other factors such as marketing expenses incurred by both parties. It also sets forth how disputes will be resolved in case there are disagreements between parties regarding these issues or others related to the operation of their business the relationship which may arise in future years when new contracts are signed between them again (or if one party disappears suddenly without explanation).