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.
A Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions between a sales representative and a company in Dallas, Texas. This agreement specifically focuses on the provision of residual payments to the sales representative for acquiring new customers, even after the termination of the initial contract. The Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates serves as a binding contract that safeguards the rights and obligations of both parties involved. It typically includes the following key components: 1. Parties involved: Clearly identifies the company and the sales representative, along with their contact details and relevant business information. 2. Scope of representation: Outlines the specific products or services that the sales representative will be responsible for selling on behalf of the company in Dallas, Texas. 3. Residual payments: Specifies the terms and conditions for residual payments to the sales representative. These residual payments are typically a percentage or commission based on the revenue generated from new customers acquired during the term of the agreement. 4. New customer acquisition: Defines the criteria for identifying and qualifying new customers, ensuring that they are properly credited to the sales representative. 5. Termination: Outlines the conditions under which either party can terminate the agreement, including any notice required and the effect on residual payments. 6. Intellectual property: Addresses the ownership and protection of any intellectual property related to the company's products or services. 7. Non-competition and non-disclosure: Includes clauses preventing the sales representative from engaging in activities that compete with or disclose confidential information about the company's business. Different variations or types of Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates may exist based on specific industry or company requirements. For instance, there could be variations in the percentage or commission structure of residual payments, the duration of residual payments after contract termination, or additional clauses relating to exclusivity or territory limitations. In summary, a Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive legal contract that outlines the relationship, obligations, and compensation structure between a sales representative and a company in Dallas, Texas. It promotes long-term incentives for sales representatives by providing residual payments for acquiring new customers, even after the termination of the initial contract.A Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions between a sales representative and a company in Dallas, Texas. This agreement specifically focuses on the provision of residual payments to the sales representative for acquiring new customers, even after the termination of the initial contract. The Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates serves as a binding contract that safeguards the rights and obligations of both parties involved. It typically includes the following key components: 1. Parties involved: Clearly identifies the company and the sales representative, along with their contact details and relevant business information. 2. Scope of representation: Outlines the specific products or services that the sales representative will be responsible for selling on behalf of the company in Dallas, Texas. 3. Residual payments: Specifies the terms and conditions for residual payments to the sales representative. These residual payments are typically a percentage or commission based on the revenue generated from new customers acquired during the term of the agreement. 4. New customer acquisition: Defines the criteria for identifying and qualifying new customers, ensuring that they are properly credited to the sales representative. 5. Termination: Outlines the conditions under which either party can terminate the agreement, including any notice required and the effect on residual payments. 6. Intellectual property: Addresses the ownership and protection of any intellectual property related to the company's products or services. 7. Non-competition and non-disclosure: Includes clauses preventing the sales representative from engaging in activities that compete with or disclose confidential information about the company's business. Different variations or types of Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates may exist based on specific industry or company requirements. For instance, there could be variations in the percentage or commission structure of residual payments, the duration of residual payments after contract termination, or additional clauses relating to exclusivity or territory limitations. In summary, a Dallas Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive legal contract that outlines the relationship, obligations, and compensation structure between a sales representative and a company in Dallas, Texas. It promotes long-term incentives for sales representatives by providing residual payments for acquiring new customers, even after the termination of the initial contract.
