Houston Texas Exclusive Foreign Sales Representative Agreement is a legally binding contract between a company based in Houston, Texas and a foreign sales representative. This agreement outlines the terms and conditions under which the representative will act as the exclusive sales agent for the company in foreign markets. The purpose of an Exclusive Foreign Sales Representative Agreement is to establish a mutually beneficial relationship between the company and the representative to promote and sell the company's products or services in a designated foreign territory. This agreement helps both parties define their roles, responsibilities, and expectations, ensuring a smooth and productive business relationship. Some key elements that are typically included in a Houston Texas Exclusive Foreign Sales Representative Agreement are: 1. Parties involved: This section identifies the company based in Houston, Texas and the foreign sales representative. It includes their legal names, addresses, and contact information. 2. Territory: This outlines the specific geographic area or country where the representative will operate as the exclusive sales agent for the company. It establishes the boundaries within which the representative can promote and sell the company's products or services. 3. Exclusivity: This section states that the representative will have exclusive rights to sell the company's products or services in the designated territory. It means that the company will not appoint any other sales representatives or distributors within the same territory during the term of the agreement. 4. Commission and compensation: This states the commission structure and the basis upon which the representative will earn compensation for each sale or transaction. It may also include provisions for additional bonuses, incentives, or performance-based rewards. 5. Duties and obligations: This section defines the specific responsibilities and obligations of both the company and the sales representative. It outlines the representative's duties regarding promotion, marketing, lead generation, customer support, and reporting requirements. It also covers the company's obligations, such as providing necessary training, marketing materials, and technical support. 6. Term and termination: This part establishes the duration of the agreement, including the start and end date. It also outlines the conditions under which either party can terminate the agreement, such as material breach of contract, poor performance, or mutual agreement. 7. Intellectual property: This clause addresses the protection of the company's trademarks, copyrights, patents, trade secrets, and other intellectual property rights. It ensures that the representative respects and does not infringe upon these rights during their sales activities. 8. Confidentiality and non-compete: This section safeguards the company's confidential information and trade secrets, preventing the sales representative from sharing or using them for personal gain or in competition with the company's interests. 9. Dispute resolution: This clause outlines the procedures for resolving any disputes or disagreements that may arise between the company and the representative, including mediation or arbitration. Different types of Exclusive Foreign Sales Representative Agreements in Houston, Texas may vary based on specific industries or products. For example, there could be agreements for pharmaceutical sales representatives, industrial machinery sales representatives, or technology product sales representatives. The content and terms of these agreements may differ to address the unique requirements of each industry.
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.