Template For Sales Agent Agreement
A sales agency agreement is made between a company and a sales agent. This agreement is necessary when the company hires a sales agent to sell its products and services on its behalf. This agreement protects the interests of both the company and the salesperson. It specifies the terms of sale, the terms of payment and other provisions relating to the obligations and powers of the representative. It serves as a legal document in the event of a dispute between the representative and the company. PandaTip: This section of the sales agency agreement model describes the process and procedure for sales and post-sale activities, including offers, support and collection of unpaid fees by end-users. PandaTip: Since the distribution agency has the right to sell only the products listed in a given region, it is important to clearly define that region. Use the text field of the model below to list the specific areas in which such sales can be made. Product promotion: promotional techniques to be used by the representative for the sale of products. The company will provide all necessary distribution training at regular intervals for the distribution agency and Agency staff, if deemed necessary. If the parties understand and accept the terms of the document, they should sign it and keep a copy.
If one of the parties is a registered entity, a person should be a signatory with permission to sign agreements on behalf of the companies. The distribution agency has the right to use the products in accordance with this Agreement and after the termination, all rights will be received. When a sale is made, a sales agent receives a commission, that is, a percentage of the total amount of the sale. As a general rule, it is concluded only if the company receives payment for the sale or if it charges the debitor. The point-of-sale contract defines the commission structure, including the basis of the commission and the formula used to calculate the agent`s commission. The contract provides for a payment period explaining the procedures for allocating commissions. Most agent contracts contain a provision that the seller has the right to obtain monthly commissions and full inspections of his sales history. High value information cannot be disclosed to third parties for the duration of this sales agency agreement.
The company sets the prices and fees for each sale. The contract sets out the guidelines for accepting a sale purchased by the seller.