A Visa Agent Agreement is a binding contract between a Visa-issuing organization and an approved agent. This agreement allows the agent to facilitate visa applications and related services, with the organization providing software access, training and other support necessary for the successful completion of services. The agreement outlines the responsibilities of each party in terms of conducting their respective activities under the agreement, such as the agent obligations to handle applications in accordance with the laws, regulations and guidelines and the organization’s obligation to provide timely payments to the agent. The agreement also outlines the term limits and termination procedures for both parties. With this document, organizations protect themselves from regulatory risk while agents protect themselves from cost overruns and other financial risks associated with processing visa applications.