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.
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.
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.
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)
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)
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.
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.
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.
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.
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.
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.
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).