SSLT Global
Sign in
HomeTemplatesHow to Write a Agency / Mandate Agreement (AMA)

How to Write a Agency / Mandate Agreement (AMA)

Follow these steps to draft a Agency / Mandate Agreement (AMA) that survives counterparty review, bank scrutiny and, if needed, ICC arbitration. Grab the free Agency / Mandate Agreement (AMA) template at the end.

Step-by-step

  1. 1. Principal & mandate
    Name the principal (seller or buyer) and the mandate. State the mandate's authority: introduce, negotiate, execute.
  2. 2. Scope of authority
    Which counterparties, which commodities, which geographies, which value cap per deal.
  3. 3. Commission
    Commission rate, payment mechanism (link to IMFPA where used).
  4. 4. Duration & termination
    Initial term, renewal, notice period for termination.
  5. 5. Law & arbitration
    Governing law, arbitration seat.

Common pitfalls to avoid

  • Leaving placeholder text like [ ] or {seller name} in the executed copy.
  • Missing signature date, or signing outside the validity window quoted on the document.
  • Referencing Incoterms without the year - always cite 'Incoterms 2020'.
  • Omitting the arbitration seat and governing law - defaults vary by country.
Free template
Free Agency / Mandate Agreement (AMA) Template
Free Agency / Mandate Agreement template in Word and PDF. Formal appointment draft between principal and mandate for commodity trading representation.
Get the template

FAQ

Do mandates need a licence?
In many jurisdictions, brokering physical commodities does not need a licence, but tax registration is still required.
Can the AMA be exclusive?
Yes, but state exclusivity narrowly (specific commodity, region and counterparties) or the principal will resist.

Other how-to guides

How to Write a Sales & Purchase Agreement (SPA)How to Write a Letter of Intent (LOI)How to Write a Irrevocable Corporate Purchase Order (ICPO)How to Write a Full Corporate Offer (FCO)How to Write a Soft Corporate Offer (SCO)How to Write a Non-Disclosure Agreement (NDA)How to Write a NCNDA (Non-Circumvention, Non-Disclosure)How to Write a IMFPA (Irrevocable Master Fee Protection)