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Form #727Agreement for Sales Agent
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AGREEMENT
FOR SALES AGENT
This agreement is made ______________
(Date), between ______________________, a corporation that was organized under
the laws of ___________________ (State) with its main place of business located
at _________________________________________ ___________________________________
(Address) here referred to as principal and _________________________________,
of __________________________________ _________________________________________
(Address) here referred to as agent.
RECITALS
The principal is a manufacturer of
__________________________ (Product) and wants to appoint a general sales agent
for selling the principals product(s) _______________.
The agent accepts such duties and
agrees to follow the terms and conditions of this agreement.
PART I.
DURATION
The agreement will last for
_______________________ (Period of Time) and begin on ____________________
(Date), unless either or both parties terminate according to the terms of the
agreement.
PART II.
COMMISSIONS
The agent, will receive a commission
from the sale of products sold for use in agents territory.
The agents commission on sales will
be calculated and distributed as follows:
______________________________________________________________________(include
sales subject to commission, when commission is paid, trade ins, sales from
other territories, dispute resolution, or any other related commission policy
or procedure)
PART III.
ORDERS
All orders
must be taken as follows to ensure proper credit and to follow the order
guidelines set up by the corporation: ________________________________________
______________________________________________________________________
(this section should contain any guidelines, policies, procedures etc. that are
associated with taking orders when a sale is made)
PART IV.
AGENT NOT TO COMPETE
The agent, having agreed to devote
their whole time to the principals business, is not permitted to purchase or
deal in ____________________________ (Product) on their own in any way during
the continuance of this agreement. The agent will also not engage, directly or
indirectly in manufacturing, buying, selling or dealing in
_________________________ (Product), in the territory described, for a period
of ____________________ (Period of Time) following the termination of this
agreement.
PART V.
REMITTALS BY AGENT
The agent must deposit
_______________ (Daily) to principal, in the manner prescribed by
_______________ (The Treasurer), or deposit _______________ (Daily) in a
financial institution designated by the _____________ (Treasurer), all money,
checks and drafts received by agent. The agent will in no way use any money
collected for principal to defray their expenses, or for any other purpose.
PART VI.
AGENTS EXPENSES
All expenses for traveling, office,
clerical, office and equipment maintenance, or general selling expenses will be
borne wholly by agent. The principal will not be responsible or liable for
such expenses.
PART VII.
OBJECTIONS TO ACCOUNTING; LIMITATIONS
The agent understands and agrees that
all objections to statements of account submitted by principal are waived,
unless they receive written notice from the agent within __________ days after
receiving their statement.
PART IX.
SURETY BOND OF AGENT
The agent agrees to furnish a
fidelity bond in the sum of ________________ ($_____), to be issued by a surety
company and based on the faithful performance of the agent. Any related
premiums must be paid by the agent.
PART X.
DEPRECIATION OF AGENCY PROPERTY
The furniture, property and fixtures
used by agent shall be invoiced and appraised at least once each year and a
deduction of not less than ________ percent per year will be made to cover wear
and tear in ordinary depreciation.
PART XI.
GOVERNING LAW
The enforcement of this agreement
will be governed by the laws of the state of _______________________ (State).
In witness whereof, the parties have
executed this agreement at ____________________ (Execution Location) on
_______________ (Date).
_________________________ _____________________
Signature Date
_________________________ _____________________
Signature Date
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site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
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Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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