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 Phoenix Arizona Sales Representative Agreement with Residual Payments for New Customers after Contract Termination is a legal document that outlines the terms and conditions between a sales representative and a company operating in Phoenix, Arizona. This agreement includes provisions for residual payments, which are commissions or royalties paid to the sales representative for any new customers they acquire even after the termination of their contract. Now, let's explore the different types of such agreements: 1. Exclusive Sales Representative Agreement: This type of agreement grants the sales representative exclusive rights to represent the company's products or services in a specific territory within Phoenix, Arizona. The residual payments for new customers acquired during the contract term and even after the termination are specified in this agreement. 2. Non-Exclusive Sales Representative Agreement: Unlike an exclusive agreement, a non-exclusive sales representative agreement allows the company to appoint multiple sales representatives in Phoenix, Arizona. The residual payments for new customers acquired by the sales representative who signs this agreement may differ from others in terms of percentage or duration. 3. Commission-Based Sales Representative Agreement: This type of agreement explicitly outlines the commission structure for the sales representative. In addition to the commission earned during the contract term, this agreement includes provisions for residual payments for new customers secured by the representative post-contract termination, ensuring they are compensated for the long-term value of their efforts. 4. Royalty-Based Sales Representative Agreement: In certain industries, such as intellectual property, a sales representative may sign a royalty-based agreement. This agreement allows the sales representative to earn royalties, based on a percentage of revenue generated by new customers they bring in, even after their contract ends. Residual payments are a vital component of such agreements. Regardless of the specific type of Phoenix Arizona Sales Representative Agreement with Residual Payments for New Customers after Contract Termination entered into, these agreements serve to protect both the company and the sales representative. They establish the terms of the business relationship, including compensation and obligations, and ensure that the sales representative is rewarded for their efforts in acquiring new customers, even after their contract concludes.A Phoenix Arizona Sales Representative Agreement with Residual Payments for New Customers after Contract Termination is a legal document that outlines the terms and conditions between a sales representative and a company operating in Phoenix, Arizona. This agreement includes provisions for residual payments, which are commissions or royalties paid to the sales representative for any new customers they acquire even after the termination of their contract. Now, let's explore the different types of such agreements: 1. Exclusive Sales Representative Agreement: This type of agreement grants the sales representative exclusive rights to represent the company's products or services in a specific territory within Phoenix, Arizona. The residual payments for new customers acquired during the contract term and even after the termination are specified in this agreement. 2. Non-Exclusive Sales Representative Agreement: Unlike an exclusive agreement, a non-exclusive sales representative agreement allows the company to appoint multiple sales representatives in Phoenix, Arizona. The residual payments for new customers acquired by the sales representative who signs this agreement may differ from others in terms of percentage or duration. 3. Commission-Based Sales Representative Agreement: This type of agreement explicitly outlines the commission structure for the sales representative. In addition to the commission earned during the contract term, this agreement includes provisions for residual payments for new customers secured by the representative post-contract termination, ensuring they are compensated for the long-term value of their efforts. 4. Royalty-Based Sales Representative Agreement: In certain industries, such as intellectual property, a sales representative may sign a royalty-based agreement. This agreement allows the sales representative to earn royalties, based on a percentage of revenue generated by new customers they bring in, even after their contract ends. Residual payments are a vital component of such agreements. Regardless of the specific type of Phoenix Arizona Sales Representative Agreement with Residual Payments for New Customers after Contract Termination entered into, these agreements serve to protect both the company and the sales representative. They establish the terms of the business relationship, including compensation and obligations, and ensure that the sales representative is rewarded for their efforts in acquiring new customers, even after their contract concludes.
