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Sales Commission Agreement

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Prepared for:
[Agent Name]

Prepared by:
[Sender Company]

Sales Commission Agreement

This Sales Commission Agreement (hereinafter referred to as the "Agreement") is entered into effective as of [Date]

By and Between

Company [Sender Company Name] (hereinafter referred to as the “Principal”) whose registered office is at [Address] and registration number [Registration Number] and;

Agent [Agent Name] (hereinafter referred to as the “Agent”) with its registered office at [Address], 

The Principal and the Agent are collectively referred to as the "Parties" and "Party" individually. 

WHEREAS the Principal wishes to market the products 

AND WHEREAS the Agent is willing to sell the products of the Principal in return for a commission

Both Parties have agreed to enter into this Agreement based on the following terms and conditions:

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Terms and Conditions

1. Selling Rights

The Principal grants the Agent, the authority to sell its products within the territory for a period of [Period] commencing from the date of [Date]. The Agent shall not sell the products outside the territory. 
The Agent shall use its best endeavors to promote and sell the products for the duration mentioned above and shall furnish the Principal with the detailed information. The Agent is duly authorized to sell the products of the Principal in the course of the efforts to sell the products and shall not sell the products in the Agents own name.

2. Pricing

The Principal shall fix the selling price of the products [Amount]; the Agent shall only sell the products at a price fixed by the Agent. The mode of payment shall be cash/card/bank transfer or any other mode of payments as mutually agreed by both the Parties.

3. Orders

The Agent shall obtain in writing the order of the products from the buyers signed by them and remit the orders to the Principal.

4. Commission

The Principal shall pay the Agent a commission of [0.00] % of the selling price for each part of the products duly remitted by the Agent in accordance with this Agreement.

5. Advertising and Information Materials

The Principal shall furnish the Agent with reasonable quantities of advertising and informative materials for selling the product.

6. Confidentiality

The Agent shall maintain strict confidentiality of the Principals’ business secrets and any such data which is deemed confidential. The Agent shall not disclose them to any third Party.

7. Termination

Either Party may terminate/cancel this Agreement by written notice to the other Party. In case of breach of the terms and conditions herein by any Party, the Party in breach shall remedy it within [Number of Days] days upon receiving such notice of the breach. Failure to remedy the breach will lead to the termination of this Agreement without prior notice. 

8. Assignment

The Agent shall not assign this Agreement without the prior written consent of the Principal.

9. Arbitration

In the event of any dispute arising in and out of this Agreement between the Parties, it shall be resolved by Arbitration. There shall be [Number of Arbitrators] which shall be appointed by [Party Name]. The venue of Arbitration shall be [Venue/Location of Arbitration] and seat shall be [State of Seat]. The Arbitrator's decision shall be final and will be binding on both the Parties. 

10. Miscellaneous

Notice: All the approvals notices required hereto by either of the Parties shall be deemed to be given and delivered by international courier or registered email respectively. 
Severability: In the event, any provision of this Agreement is deemed to be invalid or unenforceable, in whole or part, that part shall be severed from the remainder of this Agreement, and all other provisions shall remain in full force and effect as valid and enforceable.
Modification: No modification of this Agreement shall be made unless in writing signed by both Parties.
Governing Law: This Agreement shall be governed by and in accordance with the laws of [State]. 
Entire Agreement: The Parties acknowledge that this Agreement sets forth and represents the entire Agreement between both the Parties. If the Parties are willing to change/add/modify any terms, they shall be in writing and signed by both Parties.

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Acceptance and Signature

IN WITNESS THEREOF, the Agent and the Principal respectively have hereby set their hands on the day and year first above mentioned. 

Principal                                                                                                                              Agent

Signature

Assign signer 1

Signature

Assign signer 2

Name

Assign signer 1

Name

Assign signer 2

Date

Assign signer 1

Date

Assign signer 2

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DISCLAIMER: Revvsales, Inc is not a law firm. The content provided herein is for general information purposes only, and does not constitute legal advice. Revvsales, Inc and its partners make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information mentioned hereunder. The use or reliance of any information contained herein is for your personal use and solely at your own risk. You agree to fully release and indemnify Revvsales, Inc from any liability associated with the use of this content. You are advised to obtain independent legal advice before taking or refraining from any action on the basis of the content provided here. 

DISCLAIMER: Revvsales, Inc is not a law firm. The content provided herein is for general information purposes only, and does not constitute legal advice. Revvsales, Inc and its partners make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information mentioned hereunder. The use or reliance of any information contained herein is for your personal use and solely at your own risk. You agree to fully release and indemnify Revvsales, Inc from any liability associated with the use of this content. You are advised to obtain independent legal advice before taking or refraining from any action on the basis of the content provided here.