Sales Representative Commission Agreement

Salesperson

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Description:

Agreement between Company and Sales Representative re Commission to be received by the Sales Representative. This is drafted in favour of the Sales Representative.

The Company agrees to pay the Salesperson as compensation for his services in respect of each Successful Sale made, a commission of [COMMISSION_PERCENTAGE] per cent. of the Contract Price pursuant to each Sale Agreement, to be payable from (and including) the First Sale Date.

“Contract Price” is the amount (i) stipulated in a Sale Agreement as the contract price payable to the Company from the relevant Client; and (ii) which has been paid in full to the Company from that client.

“New Client” is a client that is not and has never been party to a Sale Agreement.

“Sale Agreement” is an agreement entered into between the Company and the relevant client whereby that client has agreed to engage the Company in the production of a product or products.

“Successful Sale” shall mean (i) a sale to a New Client which has been successfully solicited by the Salesperson; and (ii) for which at least one Sale Agreement has been entered into between the Company and that New Client.

 

How to use this Document?

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.  

 

How to Tailor the Document for Your Need?

1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

(b) Any payment of commission to the Salesperson in respect of any Sale Agreement shall be made by the Company within <? echo $PAYMENT_DAYS; ?> days after the date on which the Contract Price is received in full from that client in respect of that Sale Agreement. For the avoidance of doubt, if the Contract Price is not received in full from any client in respect of any Sale Agreement, the Company shall have no obligation to pay any commission to the Salesperson in respect of that Sale Agreement.

(c) Any certification or determination by the Company of a rate or amount under this Agreement is, in the absence of manifest error, conclusive evidence of the matters to which it relates.

Document Type:

Agreements / contracts

Category:

Business > Human Resource / Employment > Independent Contractor / Consultant / Secondment Agreement

 
Keywords:

Sales Representative

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Commission

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SALES REPRESENTATIVE COMMISSION AGREEMENT

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.