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 Harris 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 Harris Texas, a company based in Harris County, Texas. This agreement is specifically designed to provide sales representatives with the opportunity to earn residual payments for acquiring new customers even after their contract with Harris Texas has terminated. Under this agreement, the sales representative is responsible for promoting and selling Harris Texas products or services to potential customers within a designated territory. They are expected to actively seek out new leads, make sales presentations, negotiate contracts, and ensure customer satisfaction. Once the sales representative successfully acquires a new customer for Harris Texas, they are entitled to receive residual payments based on the customer's ongoing purchases or usage of the company's products or services. These residual payments continue even after the sales representative’s contract has terminated, providing them with a passive income stream for their efforts in capturing new customers. There may be variations or different types of Harris Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates, depending on specific circumstances or business arrangements. Some potential variations or types of agreements may include: 1. Duration-based Agreement: This type of agreement specifies a fixed duration during which the sales representative is entitled to receive residual payments after the termination of their contract. For example, the sales representative may continue to receive residual payments for a period of 1 year post-contract termination. 2. Performance-based Agreement: In this variation, the residual payments are tied to the performance of the acquired customers. The sales representative may receive higher residual payments if the acquired customers generate higher sales volumes or have longer retention periods. 3. Exclusive Territory Agreement: This type of agreement grants the sales representative exclusive rights to sell Harris Texas products or services within a specific geographical territory. In addition to residual payments, the sales representative may also receive exclusive commission incentives for surpassing sales targets within their designated territory. 4. Industry-specific Agreement: The Harris Texas Sales Representative Agreement may have variations tailored for specific industries or market segments. For example, if Harris Texas operates in the technology sector, the agreement might address details specific to software licensing, hardware sales, or IT services. It is essential for both parties, the sales representative and Harris Texas, to carefully review and understand the terms and conditions outlined in the agreement before entering into this contractual relationship. Seeking legal advice is also recommended ensuring compliance with relevant state and federal laws governing sales representative agreements, specifically in the state of Texas.The Harris 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 Harris Texas, a company based in Harris County, Texas. This agreement is specifically designed to provide sales representatives with the opportunity to earn residual payments for acquiring new customers even after their contract with Harris Texas has terminated. Under this agreement, the sales representative is responsible for promoting and selling Harris Texas products or services to potential customers within a designated territory. They are expected to actively seek out new leads, make sales presentations, negotiate contracts, and ensure customer satisfaction. Once the sales representative successfully acquires a new customer for Harris Texas, they are entitled to receive residual payments based on the customer's ongoing purchases or usage of the company's products or services. These residual payments continue even after the sales representative’s contract has terminated, providing them with a passive income stream for their efforts in capturing new customers. There may be variations or different types of Harris Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates, depending on specific circumstances or business arrangements. Some potential variations or types of agreements may include: 1. Duration-based Agreement: This type of agreement specifies a fixed duration during which the sales representative is entitled to receive residual payments after the termination of their contract. For example, the sales representative may continue to receive residual payments for a period of 1 year post-contract termination. 2. Performance-based Agreement: In this variation, the residual payments are tied to the performance of the acquired customers. The sales representative may receive higher residual payments if the acquired customers generate higher sales volumes or have longer retention periods. 3. Exclusive Territory Agreement: This type of agreement grants the sales representative exclusive rights to sell Harris Texas products or services within a specific geographical territory. In addition to residual payments, the sales representative may also receive exclusive commission incentives for surpassing sales targets within their designated territory. 4. Industry-specific Agreement: The Harris Texas Sales Representative Agreement may have variations tailored for specific industries or market segments. For example, if Harris Texas operates in the technology sector, the agreement might address details specific to software licensing, hardware sales, or IT services. It is essential for both parties, the sales representative and Harris Texas, to carefully review and understand the terms and conditions outlined in the agreement before entering into this contractual relationship. Seeking legal advice is also recommended ensuring compliance with relevant state and federal laws governing sales representative agreements, specifically in the state of Texas.
