This agreement is for a term of years and terminable at will after the initial term. Sales Representative is to receive a residual commission for sales to new customer (those he brings to the Company) for a certain number of years after this Agreement has expired or been terminated. The appointment of sales representative is nonexclusive since the sale representative will sell for more than one company.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Riverside California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive legal contract that outlines the specific terms and conditions between a sales representative and a company based in Riverside, California. This agreement highlights the agreement's main point of interest, which is the provision of residual payments for the sales representative's new customers even after the contract has been terminated. The agreement starts by clearly identifying the parties involved, including the sales representative and the company, along with their respective addresses and contact information. It also states the effective date of the agreement and its duration, specifying the commencement and termination dates. The key aspect of this agreement revolves around the sales representative's compensation structure, which includes a commission-based payment plan supplemented by residual payments. The agreement explicitly defines the sales representative's commission rate and how it is calculated, typically based on a percentage of the total sales achieved during the contract's duration. The residual payments, however, come into effect after the contract termination and are specifically intended for new customers acquired by the sales representative during the contract period. To maintain the residual payment structure, the agreement may outline certain conditions and requirements. It may state that the sales representative must provide details of all new customers acquired during their tenure and ensure that these customers remain active and generate ongoing revenue for the company. The agreement could specify that residual payments would continue for a specified period or until the customer is no longer active, as determined by the company. Additionally, the agreement may elaborate on the sales representative's obligations and responsibilities during and after the contract term. This can include maintaining confidentiality and not disclosing trade secrets or proprietary information of the company. The agreement may also stipulate that the sales representative cannot engage in competing sales activities within Riverside, California, for a certain duration after the contract termination to protect the company's interests. While the Riverside California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates generally covers these fundamental points, there may be variations or additional agreements based on the specific needs and industry dynamics. For instance, an agreement tailored for the technology sector may include provisions on intellectual property protection and non-solicitation of customers. Similarly, a real estate sales representative agreement may incorporate clauses related to property listings and exclusivity rights. In conclusion, the Riverside California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a crucial legal instrument that safeguards the interests of both the sales representative and the company while incentivizing the representative to pursue new business opportunities even after the contractual relationship ends.The Riverside California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive legal contract that outlines the specific terms and conditions between a sales representative and a company based in Riverside, California. This agreement highlights the agreement's main point of interest, which is the provision of residual payments for the sales representative's new customers even after the contract has been terminated. The agreement starts by clearly identifying the parties involved, including the sales representative and the company, along with their respective addresses and contact information. It also states the effective date of the agreement and its duration, specifying the commencement and termination dates. The key aspect of this agreement revolves around the sales representative's compensation structure, which includes a commission-based payment plan supplemented by residual payments. The agreement explicitly defines the sales representative's commission rate and how it is calculated, typically based on a percentage of the total sales achieved during the contract's duration. The residual payments, however, come into effect after the contract termination and are specifically intended for new customers acquired by the sales representative during the contract period. To maintain the residual payment structure, the agreement may outline certain conditions and requirements. It may state that the sales representative must provide details of all new customers acquired during their tenure and ensure that these customers remain active and generate ongoing revenue for the company. The agreement could specify that residual payments would continue for a specified period or until the customer is no longer active, as determined by the company. Additionally, the agreement may elaborate on the sales representative's obligations and responsibilities during and after the contract term. This can include maintaining confidentiality and not disclosing trade secrets or proprietary information of the company. The agreement may also stipulate that the sales representative cannot engage in competing sales activities within Riverside, California, for a certain duration after the contract termination to protect the company's interests. While the Riverside California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates generally covers these fundamental points, there may be variations or additional agreements based on the specific needs and industry dynamics. For instance, an agreement tailored for the technology sector may include provisions on intellectual property protection and non-solicitation of customers. Similarly, a real estate sales representative agreement may incorporate clauses related to property listings and exclusivity rights. In conclusion, the Riverside California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a crucial legal instrument that safeguards the interests of both the sales representative and the company while incentivizing the representative to pursue new business opportunities even after the contractual relationship ends.
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.
