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.
Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions between a company and its sales representative operating in Los Angeles, California. This agreement aims to establish a mutually beneficial relationship where the sales representative is tasked with generating new customers for the company and is entitled to receive residual payments even after the contract terminates. One type of Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is the Exclusive Sales Representative Agreement. This agreement grants the sales representative exclusivity in selling the company's products or services in the designated territory within Los Angeles. The representative's responsibilities include actively promoting the company's offerings, seeking out new customers, and closing sales. In return, the sales representative is entitled to receive residual payments for all new customers generated during the contract term, even if the agreement is terminated. Another type of this agreement is the Non-Exclusive Sales Representative Agreement. This type allows the representative to work for other companies simultaneously, representing and selling their products or services in Los Angeles. Similar to the exclusive agreement, the sales representative is responsible for securing new customers and is entitled to receive residual payments for these customers, even after terminating the contract. The Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates typically includes important clauses, such as: 1. Scope of Representation: Clearly defines the products or services that the sales representative will promote and sell in Los Angeles. 2. Territory: Specifies the geographical area where the representative has the authority to operate and generate sales. 3. Obligations and Duties: Outlines the representative's responsibilities, including customer acquisition, sales targets, reporting requirements, and promotional activities. 4. Compensation and Residual Payments: Establishes the commission structure, payment terms, and most importantly, residual payments for new customers. It details the percentage or formula used to calculate residual payments and explains the conditions under which the representative is entitled to receive them. 5. Intellectual Property: Clarifies the company's ownership rights over trademarks, copyrights, and other intellectual property associated with the products or services. 6. Termination: Covers the conditions under which either party can terminate the agreement, such as non-performance, breach of contract, or by providing adequate notice. 7. Confidentiality and Non-Compete: Includes provisions to protect the company's confidential information and restrict the representative from competing with the company during and after the contract period. By incorporating these relevant keywords, this detailed description of Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates provides a comprehensive overview of this legal document and its variations.Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions between a company and its sales representative operating in Los Angeles, California. This agreement aims to establish a mutually beneficial relationship where the sales representative is tasked with generating new customers for the company and is entitled to receive residual payments even after the contract terminates. One type of Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is the Exclusive Sales Representative Agreement. This agreement grants the sales representative exclusivity in selling the company's products or services in the designated territory within Los Angeles. The representative's responsibilities include actively promoting the company's offerings, seeking out new customers, and closing sales. In return, the sales representative is entitled to receive residual payments for all new customers generated during the contract term, even if the agreement is terminated. Another type of this agreement is the Non-Exclusive Sales Representative Agreement. This type allows the representative to work for other companies simultaneously, representing and selling their products or services in Los Angeles. Similar to the exclusive agreement, the sales representative is responsible for securing new customers and is entitled to receive residual payments for these customers, even after terminating the contract. The Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates typically includes important clauses, such as: 1. Scope of Representation: Clearly defines the products or services that the sales representative will promote and sell in Los Angeles. 2. Territory: Specifies the geographical area where the representative has the authority to operate and generate sales. 3. Obligations and Duties: Outlines the representative's responsibilities, including customer acquisition, sales targets, reporting requirements, and promotional activities. 4. Compensation and Residual Payments: Establishes the commission structure, payment terms, and most importantly, residual payments for new customers. It details the percentage or formula used to calculate residual payments and explains the conditions under which the representative is entitled to receive them. 5. Intellectual Property: Clarifies the company's ownership rights over trademarks, copyrights, and other intellectual property associated with the products or services. 6. Termination: Covers the conditions under which either party can terminate the agreement, such as non-performance, breach of contract, or by providing adequate notice. 7. Confidentiality and Non-Compete: Includes provisions to protect the company's confidential information and restrict the representative from competing with the company during and after the contract period. By incorporating these relevant keywords, this detailed description of Los Angeles California Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates provides a comprehensive overview of this legal document and its variations.
