Agreement between Company and Sales Representative re Commission to be received by the Sales Representative. This is drafted in favour of the company.
The Company agrees to pay the Salesperson as compensation for his services in respect of each Successful Sale made, a commission of X per cent. of the Contract Price pursuant to each Sale Agreement, to be payable from (and including) the First Sale Date to (and excluding) the date falling Y months after the First Sale Date.
For the avoidance of doubt, no commission shall be payable by the Company to the Salesperson in respect of any Successful Sale on or after the date falling Y months after the First Sale Date of that Successful Sale.
The Salesperson shall, within three days of demand, indemnify the Company against any cost, expenses, loss, damages, fees and liability (including but not limited to any legal fees and amounts awarded by any court of law) arising from or as a result of any communications, actions and/or interactions between the Salesperson and any client, including but not limited to communication resulting in misrepresentation to any client and actions of the Salesperson that are ultra vires.
This document should be carefully read by the Company and the Sales Representative.
The sale commission agreement may be used between the Company and the Sales Representative, to detail the responsibilities of the Sales Representative and the commission to be paid by the Company upon a successful sales.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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