A Puerto Rico Marketing Representative Agreement for Software is a legally binding document that establishes the relationship between a software company and a marketing representative in Puerto Rico. This agreement outlines the terms and conditions under which the marketing representative will promote and sell the software products or services of the company. It is designed to protect the interests of both parties involved. The key components of a Puerto Rico Marketing Representative Agreement for Software typically include: 1. Parties: The agreement will identify the software company (referred to as the "Principal") and the marketing representative (referred to as the "Representative") by their legal names and addresses. 2. Scope of Representation: This section defines the specific software products or services that the Representative is authorized to market and sell on behalf of the Principal in Puerto Rico. 3. Exclusive/Non-Exclusive Agreement: The agreement may specify whether the Representative's appointment is exclusive (the Representative is the sole representative of the Principal in Puerto Rico) or non-exclusive (the Principal can appoint multiple representatives). 4. Territory: The agreement will outline the territorial limitations within Puerto Rico where the Representative is authorized to promote and sell the software products or services. 5. Responsibilities: This section describes the marketing and sales responsibilities of the Representative, including the activities they are expected to undertake to promote the software, such as attending trade shows, conducting demonstrations, and generating leads. 6. Compensation: The agreement will detail the compensation structure for the Representative, such as commission rates, bonus structures, and any allowances or expenses the Representative is entitled to. It should also outline the payment terms and frequency. 7. Intellectual Property: This clause addresses the ownership and protection of intellectual property rights related to the software, ensuring that the Representative does not infringe upon the Principal's copyrights, trademarks, or patents. 8. Term and Termination: The agreement specifies the initial term of the contract and the conditions under which either party can terminate the agreement, including notice periods and causes for termination, such as a breach of the agreement. 9. Confidentiality: This section outlines the Representative's obligation to maintain the confidentiality of any proprietary or sensitive information provided by the Principal during the course of their relationship. 10. Governing Law and Jurisdiction: The agreement will specify the governing law of Puerto Rico that will govern any disputes arising out of the agreement and the designated jurisdiction for resolution. Different types of Puerto Rico Marketing Representative Agreements for Software may exist based on the specific needs and requirements of the parties involved. For example, there might be agreements that differ in terms of exclusivity, compensation structure, or territorial limitations. Additionally, parties may choose to customize the agreement to account for unique circumstances or additional clauses that reflect their business goals and expectations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.