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.
Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions of the relationship between a sales representative and a company engaging their services. This type of agreement is commonly used in Ohio and provides a framework for compensation and ongoing residual payments for new customers acquired during the sales representative's tenure, even after the contract has terminated. Keywords: Ohio, Sales Representative Agreement, Residual Payments, New Customers, Contract Terminates There are various types of Ohio Sales Representative Agreements with Residual Payments for New Customers after Contract Terminates that can be customized based on the specific needs and goals of the parties involved. These may include: 1. Commission-Based Agreement: This type of agreement establishes that the sales representative will receive a percentage of the total sales or revenue generated from new customers they acquire during the contract period. The residual payments, often in the form of commissions, continue after the agreement terminates for a specified period. 2. Royalty-Based Agreement: In this type of agreement, the sales representative receives ongoing royalty payments based on the sales or revenue generated from new customers for a specified period after the termination of the contract. The royalty percentage and duration are typically outlined in the agreement. 3. Renewal-Based Agreement: This agreement ensures that the sales representative receives residual payments for ongoing business generated from new customers after the initial contract period expires. The agreement may outline specific terms for tracking and renewals of contracts with customers acquired during the representative's tenure. 4. Exclusive Territory Agreement: This type of agreement grants the sales representative exclusive rights to a specific territory or market. The agreement may include provisions for residual payments for new customers from that territory, even after the contract terminates. This ensures that the sales representative continues to receive compensation for their efforts in developing and expanding business in the designated area. 5. Non-Compete Agreement: This agreement restricts the sales representative from engaging in similar sales activities with competitors for a specified period after the contract termination. Residual payments for new customers acquired prior to the termination may be included as part of the compensation package during the non-compete period. It is important to consult with legal professionals who specialize in sales and contract law to ensure that the Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates accurately reflects the intentions and protects the interests of all parties involved.Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions of the relationship between a sales representative and a company engaging their services. This type of agreement is commonly used in Ohio and provides a framework for compensation and ongoing residual payments for new customers acquired during the sales representative's tenure, even after the contract has terminated. Keywords: Ohio, Sales Representative Agreement, Residual Payments, New Customers, Contract Terminates There are various types of Ohio Sales Representative Agreements with Residual Payments for New Customers after Contract Terminates that can be customized based on the specific needs and goals of the parties involved. These may include: 1. Commission-Based Agreement: This type of agreement establishes that the sales representative will receive a percentage of the total sales or revenue generated from new customers they acquire during the contract period. The residual payments, often in the form of commissions, continue after the agreement terminates for a specified period. 2. Royalty-Based Agreement: In this type of agreement, the sales representative receives ongoing royalty payments based on the sales or revenue generated from new customers for a specified period after the termination of the contract. The royalty percentage and duration are typically outlined in the agreement. 3. Renewal-Based Agreement: This agreement ensures that the sales representative receives residual payments for ongoing business generated from new customers after the initial contract period expires. The agreement may outline specific terms for tracking and renewals of contracts with customers acquired during the representative's tenure. 4. Exclusive Territory Agreement: This type of agreement grants the sales representative exclusive rights to a specific territory or market. The agreement may include provisions for residual payments for new customers from that territory, even after the contract terminates. This ensures that the sales representative continues to receive compensation for their efforts in developing and expanding business in the designated area. 5. Non-Compete Agreement: This agreement restricts the sales representative from engaging in similar sales activities with competitors for a specified period after the contract termination. Residual payments for new customers acquired prior to the termination may be included as part of the compensation package during the non-compete period. It is important to consult with legal professionals who specialize in sales and contract law to ensure that the Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates accurately reflects the intentions and protects the interests of all parties involved.
