All commissions are calculated based on the net amount of the sale invoiced by the company to the customer. 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. 4. Agent`s obligations and obligations: The contract may require the agent to comply with the following obligations: This contract and its entirety constitute the whole agreement between the parties. This agreement replaces all previous written or written agreements between the parties.
After the termination date, this contract remains in effect for an additional three years, unless a party responds to a request for termination. Both parties agree not to transfer this agreement or the obligations associated with this agreement without prior written agreement. 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. The distribution agency is responsible for all costs and expenses related to the activity under this distribution agency agreement. PandaTip: The terms of this model provide all revenue generated by sales to your business, with the exception of commissions to the sales agency. This section of the model defines the nature of these commissions and their method of calculation and payment. The company undertakes to designate the distribution agency as a representative of the products and territories listed below. In addition, the distribution agency is in the acceptance of such an appointment. 5. Contractual terms and termination of the contract: the agreement mentions the duration of the contract, that is, the start and end date of the contract. It should also determine the right of one of the parties to terminate the contract, including the circumstances under which the contract may be terminated.
In addition, the company may change prices, delivery fees, terms and conditions or delivery plans with 30 days before notification to the sales agency. These changes do not affect sales accepted before the notification date.