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.
Travis Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates The Travis Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive legal agreement between a sales representative and the company they represent. This agreement outlines the terms and conditions pertaining to compensation, responsibilities, and rights of the sales representative, as well as residual payments for new customers even after the contract concludes. In this agreement, both parties agree to adhere to the terms and conditions set forth, ensuring a mutually beneficial relationship and clear guidelines for all involved. Here are some keywords relevant to this agreement: 1. Sales Representative: A designated individual authorized to act on behalf of a company in acquiring new customers and generating sales. 2. Agreement: A legally binding document that outlines the terms and conditions of the business relationship between the sales representative and the company. 3. Residual Payments: Compensation received by the sales representative for new customers acquired during the contract period, even after termination of the agreement. 4. New Customers: Refers to individuals or entities that become customers of the company as a result of the sales representative's efforts during the contract period. 5. Contract Termination: The conclusion of the agreement, which may occur due to various reasons such as expiration of the contract term or breach of contract. Types of Travis Texas Sales Representative Agreements with Residual Payments for New Customers after Contract Terminates: 1. Commission-Based Agreement: This type of agreement stipulates that the sales representative receives a percentage-based commission on the total sales generated from new customers during the contract period, with residual payments for any subsequent purchases made by these customers after termination. 2. Subscription-Based Agreement: In this agreement, the sales representative receives a fixed commission for each new customer who signs up for a subscription-based service provided by the company. Residual payments are then made for the duration of the subscription, even after the contract terminates. 3. Product-Based Agreement: This type of agreement pertains to sales representatives who promote and sell specific products. The representative may earn a commission on the initial purchase made by new customers, as well as residual payments for subsequent purchases, even after the contract concludes. The Travis Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates aims to establish a fair and transparent relationship between the sales representative and the company, ensuring that both parties benefit from the success of acquiring new customers. It provides a framework for ongoing compensation, allowing the sales representative to continue to receive residual payments from the valuable relationships established during the term of the agreement.Travis Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates The Travis Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a comprehensive legal agreement between a sales representative and the company they represent. This agreement outlines the terms and conditions pertaining to compensation, responsibilities, and rights of the sales representative, as well as residual payments for new customers even after the contract concludes. In this agreement, both parties agree to adhere to the terms and conditions set forth, ensuring a mutually beneficial relationship and clear guidelines for all involved. Here are some keywords relevant to this agreement: 1. Sales Representative: A designated individual authorized to act on behalf of a company in acquiring new customers and generating sales. 2. Agreement: A legally binding document that outlines the terms and conditions of the business relationship between the sales representative and the company. 3. Residual Payments: Compensation received by the sales representative for new customers acquired during the contract period, even after termination of the agreement. 4. New Customers: Refers to individuals or entities that become customers of the company as a result of the sales representative's efforts during the contract period. 5. Contract Termination: The conclusion of the agreement, which may occur due to various reasons such as expiration of the contract term or breach of contract. Types of Travis Texas Sales Representative Agreements with Residual Payments for New Customers after Contract Terminates: 1. Commission-Based Agreement: This type of agreement stipulates that the sales representative receives a percentage-based commission on the total sales generated from new customers during the contract period, with residual payments for any subsequent purchases made by these customers after termination. 2. Subscription-Based Agreement: In this agreement, the sales representative receives a fixed commission for each new customer who signs up for a subscription-based service provided by the company. Residual payments are then made for the duration of the subscription, even after the contract terminates. 3. Product-Based Agreement: This type of agreement pertains to sales representatives who promote and sell specific products. The representative may earn a commission on the initial purchase made by new customers, as well as residual payments for subsequent purchases, even after the contract concludes. The Travis Texas Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates aims to establish a fair and transparent relationship between the sales representative and the company, ensuring that both parties benefit from the success of acquiring new customers. It provides a framework for ongoing compensation, allowing the sales representative to continue to receive residual payments from the valuable relationships established during the term of the agreement.
