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Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates

Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates

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The document is a Sales Representative Agreement outlining the terms and conditions under which a Sales Representative will sell a company's products. It details the scope of engagement, duties, commission structure including residual payments for new customers after contract termination, responsibilities regarding expenses and inventory, independent contractor status, confidentiality obligations, and provisions for dispute resolution through arbitration. The agreement emphasizes compliance with company policies and establishes the legal framework governing the relationship between the Sales Representative and the Company.

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What is the contract of a sales person?

A Sales Representative Agreement serves as a legal contract between a business and a sales representative. Its the framework that defines the terms of your working relationship, including payment details, territory, and the representatives responsibilities.

What is a sales representative agreement?

A sales representative contract is a legal agreement between a particular company and the sales executive/representative who acts on the companys behalf to execute sales services. It provides clear guidelines for the terms of employment, compensation, and termination.

What is the agreement between a company and a sales agent?

A Sales Agency agreement is made between a company and a sales agent. This agreement is required when the company hires a sales agent to make a sale of their products and services on their behalf. This agreement protects the interests of both the company and the sales agent.