How to prepare legal forms (click here)

Agreement For Sales Agent

This agreement is by and between {NAME/ADDRESS OF COMPANY/CORPORATION}, a company that was organised under the laws of (State) with its main place of business located at (address), hereinafter referred to as {COMPANY}, and {NAME/ADDRESS OF SALES AGENT}, hereinafter referred to as {AGENT}, on this ________ day of ________ 20 ___, do hereby agree to the following:

The {COMPANY} is a manufacturer of (product) and wishes to appoint a general sales agent for selling {COMPANY'S} product (describe).

{AGENT} accepts such duties and agrees to follow the terms and conditions of this agreement.

PART (I)

AGREEMENT DURATION

The agreement will last for (period of time) begining on (date), unless either or both parties terminate according to the terms of the agreement.

PART (II)

PAID COMMISSIONS

{AGENT}, will receive a commission from the sale of products sold for use in agents designated territory.

{AGENTS} commission on sales will be calculated and distributed as follows:

(describe).

PART (III)

SECURED ORDERS

All orders must be taken as follows to ensure proper credit and to follow the order guidelines set up by {COMPANY}:

(this section should contain any company guidelines, policies, procedures, etc, and include those that are associated with taking orders when a sale is made)

PART (IV)

NON-COMPETITION BY AGENT

{AGENT}, having agreed to devote exclusive time to {COMPANY'S}business, is not permitted to purchase or deal in (product) on {AGENTS} own in any way during the continuance of this agreement.

{AGENT} will also not engage, directly or indirectly in distriution, manufacturing, purchasing, 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

{AGENTS} must deposit on a (daily/weekly) basis to {COMPANY}, in the manner prescribed by {COMPANY'S} treasurer, or deposit (daily/weekly) in a financial institution designated by {COMPANY'S} treasurer, all monies, cheques, and assigned drafts received by {AGENT}. {AGENT} will in no way use any of the money collected for {COMPANY} to defray {AGENTS} expenses, or for any other purpose.

PART (VI)

AGENTS INCURRED EXPENSES

All expenses for traveling, office, clerical, office and equipment maintenance, or general selling expenses will be borne wholly by {AGENT}. {COMPANY} will not be responsible or liable for such expenses.

PART (VII)

AGENTS OBJECTIONS TO ACCOUNTING AND LIMITATIONS

{AGENT} fully understands and is in agreement with all objections to statements of account submitted by {COMPANY} are to waived, unless they receive written notice from {AGENT} within ( ) days after receiving {AGENTS} statement.

PART (IX)

SUCURITY BOND

{AGENT} agrees to furnish a security bond in the sum of (dollars), as faithful performance of {AGENT}. Any related premiums must be paid by {AGENT}.

PART (X)

DEPRECIATION OF AGENCY PROPERTY

All property, furniture and fixtures used {AGENT} shall be invoiced and appraised at least once each year and a deduction of not less than ( ) % 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).

This this the entire agreement of the parties, and may only be altered by an instrument in writing.

Executed on the date first above written at (City/State).

SIGNED:_____________________

{COMPANY}

SIGNED:_______________________

{AGENT}