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The Sales Commission Contract is a type of agreement by which a company entrusts the sale (exclusive or non-exclusive) of products and services to a person, self-employed professional or company (the agent) in exchange for fees which are established solely as a percentage of the amount of sales made.
A sales representative contract is a legal agreement between a particular company and the sales executive/representative who acts on the company's behalf to execute sales services. It provides clear guidelines for the terms of employment, compensation, and termination.
Sales Representative Job Responsibilities: Serves customers by selling products and meeting customer needs. Services existing accounts, obtains orders, and establishes new accounts by planning and organizing daily work schedule to call on existing or potential sales outlets and other trade factors.
A good sales representative agreement outlines the rights and responsibilities of a company and the individuals and organizations that will advocate its products. Vague, verbal agreements can lead to disputes and ill will.
A sales agency agreement is a legal agreement between a company and an agency the company hires to perform sales services. The agreement defines the rights and obligations of both the company and the sales agency. Sometimes this agreement is called a selling agency agreement.