This document is an indispensable part of the sales relationship between a Principal and an Agent. It provides the legal framework that enables a Principal to appoint an Agent to sell its products on its behalf in a defined territory. By clearly establishing the terms of the commission-based relationship, this agreement ensures that both parties enter into a mutually beneficial and profitable partnership.
The Principal will be able to expand its market coverage and thereby increase its sales and the Agent will earn commission on the sales it generates. This template covers the most important topics that should be included in a commission sales agreement, such as the Agent's selling rights, product prices, commission structure, training, restraints on competition, and confidentiality.
1. SELLING RIGHTS
2. PRODUCT PRICES
6. ADVERTISING AND INFORMATION MATERIALS
7. PRODUCT IMAGE
8. RESTRAINT OF COMPETITION
10. SUMMARY TERMINATION OF SELLING RIGHTS
11. TERMINATION CONSEQUENCES
13. FIDUCIARY RELATIONSHIP
MS-Word format (.doc) 4 pages 948 words