This buying agent agreement template is used in an intercompany transaction between a purchasing group company and a group company that supports the purchaser in conducting the purchasing activities, e.g. due to its close proximity to the suppliers or specific purchasing knowledge. The buying agent performs the typical functions such as, but not limited to, recommending potential suppliers, conducting factory audits, assisting in price negotiations, arranging for packaging and delivery of goods and investing and settling claims. The buying agent will not take title to the goods.

This agreement template is used to state the rights and responsibilities and to substantiate the at arm’s length character of the transaction between the a purchasing group company and and a buying agent. Common terms in this agreement template inter alia cover the obligations of the buyer, title and risk of loss, examination of books and records, independent contractor and termination.