A Wisconsin Nonexclusive Foreign Sales Representative Agreement is a legal document that outlines the terms and conditions between a company and a sales representative located outside the United States. This agreement is specifically designed for companies based in Wisconsin that wish to expand their sales operations globally by hiring a nonexclusive representative who will promote and sell their products or services in foreign markets. By entering into this agreement, the company grants the sales representative the nonexclusive right to represent and sell their products or services in designated foreign territories. The agreement defines the responsibilities and obligations of both parties involved, and the terms of compensation and termination. Some of the key elements that a typical Wisconsin Nonexclusive Foreign Sales Representative Agreement includes are: 1. Territory: This section identifies the specific foreign territories where the sales representative is authorized to sell the company's products or services. The territories can be defined geographically, by countries, or even by specific regions within a country. 2. Scope of Representation: This section clarifies the scope of the sales representative's authority, including the extent of their decision-making power, marketing activities, and customer communication. It may also outline any limitations on their authority, such as pricing decision rights or the ability to modify contractual terms. 3. Responsibilities of the Sales Representative: This clause outlines the obligations and duties of the sales representative, such as actively promoting and marketing the company's products or services, maintaining accurate records of sales activities, providing regular reports, and conducting themselves professionally. 4. Compensation: The agreement specifies the mode and amount of compensation to be provided to the sales representative. This may include a commission structure based on a percentage of sales achieved, periodic bonuses, or other agreed-upon remuneration methods. 5. Confidentiality and Non-Compete: This section addresses the non-disclosure of proprietary information by the sales representative and may include non-compete clauses restricting the representative from representing competing companies during or after the agreement's term. 6. Term and Termination: The agreement includes a defined term specifying the period of validity, and conditions under which the agreement can be terminated. This could be based on factors such as breach of contract, poor performance, or mutual agreement. In terms of different types of Wisconsin Nonexclusive Foreign Sales Representative Agreements, they can vary based on factors such as the industry involved, the complexity of the product or service being sold, and specific requirements unique to the foreign market. For instance, there may be specialized agreements for industries like manufacturing, pharmaceuticals, technology, or services. Additionally, agreements may differ depending on whether they are drafting for a specific country or region, taking into consideration local laws and market practices.
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.