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.
Description: A Franklin Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legally binding agreement that outlines the terms and conditions between a sales representative and a company operating in Franklin, Ohio. This agreement is designed to ensure that sales representatives are compensated for their ongoing efforts in generating new customers, even after their contract with the company has been terminated. Keywords: Franklin Ohio, Sales representative agreement, Residual payments, New customers, Contract terminates Types of Franklin Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates: 1. Standard Sales Representative Agreement: — This type of agreement outlines the general terms and conditions between the sales representative and the company. It includes provisions that detail the commission structure, sales targets, termination clauses, and the payment of residual income for new customers generated by the sales representative. 2. Exclusive Sales Representative Agreement: — An exclusive agreement grants the sales representative exclusivity in representing the company's products or services within a specific territory or market segment. This agreement often allows for higher commission rates and provides additional protection to the sales representative, ensuring that they receive residual payments for new customers even after the contract is terminated. 3. Non-Exclusive Sales Representative Agreement: — A non-exclusive agreement permits the sales representative to represent multiple companies simultaneously. While the commission rates may not be as high as in an exclusive agreement, the sales representative is still entitled to receive residual payments for new customers generated during the contract term. These payments continue even after the contract is terminated. 4. Independent Contractor Sales Representative Agreement: — This type of agreement defines the relationship between the sales representative and the company as that of an independent contractor. It clarifies that the sales representative is not an employee but an independent business entity. The agreement specifies the terms of compensation, residual payments for new customers, and other provisions relevant to the independent contractor status. In conclusion, a Franklin Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive contract that ensures sales representatives in Franklin, Ohio are fairly compensated for their efforts in generating new customers. By including residual payment provisions, both the sales representative and the company can benefit from continued business even after the termination of their contract.Description: A Franklin Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legally binding agreement that outlines the terms and conditions between a sales representative and a company operating in Franklin, Ohio. This agreement is designed to ensure that sales representatives are compensated for their ongoing efforts in generating new customers, even after their contract with the company has been terminated. Keywords: Franklin Ohio, Sales representative agreement, Residual payments, New customers, Contract terminates Types of Franklin Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates: 1. Standard Sales Representative Agreement: — This type of agreement outlines the general terms and conditions between the sales representative and the company. It includes provisions that detail the commission structure, sales targets, termination clauses, and the payment of residual income for new customers generated by the sales representative. 2. Exclusive Sales Representative Agreement: — An exclusive agreement grants the sales representative exclusivity in representing the company's products or services within a specific territory or market segment. This agreement often allows for higher commission rates and provides additional protection to the sales representative, ensuring that they receive residual payments for new customers even after the contract is terminated. 3. Non-Exclusive Sales Representative Agreement: — A non-exclusive agreement permits the sales representative to represent multiple companies simultaneously. While the commission rates may not be as high as in an exclusive agreement, the sales representative is still entitled to receive residual payments for new customers generated during the contract term. These payments continue even after the contract is terminated. 4. Independent Contractor Sales Representative Agreement: — This type of agreement defines the relationship between the sales representative and the company as that of an independent contractor. It clarifies that the sales representative is not an employee but an independent business entity. The agreement specifies the terms of compensation, residual payments for new customers, and other provisions relevant to the independent contractor status. In conclusion, a Franklin Ohio Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive contract that ensures sales representatives in Franklin, Ohio are fairly compensated for their efforts in generating new customers. By including residual payment provisions, both the sales representative and the company can benefit from continued business even after the termination of their contract.
