Sales Protocol Agreement
Sales Protocol Agreement
This Sales Protocol Agreement ("Agreement") is entered into on this [Month Day, Year] (the "Effective Date"), by and between [Your Company Name], a corporation with its principal place of business at [Your Company Address], hereinafter referred to as "Company," and [Sales Representative Name], an individual residing at [Sales Representative Address], hereinafter referred to as "Sales Representative."
WHEREAS, the Company desires to set forth the terms and conditions under which the Sales Representative shall operate and represent the Company's interests in the sale of its products and services.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Company and the Sales Representative agree as follows:
I. Appointment
The Company hereby appoints Sales Representative as a non-exclusive independent sales agent to promote, market, and sell the Company's products and services within the designated territory, as follows:
Designated Territory: The designated territory for Sales Representative's sales activities shall encompass the entire [State] including all cities and towns within its boundaries. The Sales Representative is authorized to operate and sell the Company's products and services exclusively within these geographical boundaries.
Sales Representative accepts this appointment and agrees to diligently and professionally perform the responsibilities outlined in this Agreement.
II. Term
This Agreement shall commence on the Effective Date and shall continue for an initial term of [0] years, expiring on [Month Day, Year].
Following the initial term, this Agreement shall automatically renew for successive one-year periods, unless terminated by either party with written notice at least [00] days before the expiration of the current term.
III. Compensation
In consideration for the Sales Representative's services, the Company shall pay Sales Representative a commission on the net sales revenue generated by Sales Representative's efforts, calculated as follows:
Commission Rate: The commission rate for Sales Representative's services is set at [00]% of the net sales revenue generated from the sale of the Company's products and services. In the case of high-value enterprise contracts exceeding $[000,000] in value, the commission rate will be adjusted to [00]% to incentivize and reward high-value sales.
The Company shall pay commissions on a bi-monthly basis, as specified below:
Payment Frequency: Commissions shall be paid on a monthly basis, on the [Day] day of each month. The Company will calculate the commissions for the preceding month and issue payment to the Sales Representative on the specified payment date.
IV. Obligations of Sales Representative
The Sales Representative shall act in the best interests of the Company and use their best efforts to promote, market, and sell the Company's products and services within the designated territory.
The Sales Representative shall maintain accurate and up-to-date records of all sales transactions and promptly provide such records to the Company upon request.
The Sales Representative shall adhere to all policies, procedures, and guidelines provided by the Company for the sale of its products and services.
V. Termination
This Agreement may be terminated by either party with written notice, effective [00] days from the date of such notice.
In the event of a material breach of this Agreement by either party, the non-breaching party may terminate this Agreement with written notice, effective immediately upon receipt of such notice.
VI. Confidentiality
Sales Representative shall keep confidential all proprietary information, trade secrets, and business-related information of the Company obtained during the term of this Agreement.
Upon termination of this Agreement, the Sales Representative shall promptly return all Company property, documents, and confidential information.
VII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the fictional jurisdiction of [Jurisdiction], without regard to its conflict of laws principles.
VIII. Entire Agreement
This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, and representations.
IN WITNESS WHEREOF, the parties have executed this Sales Protocol Agreement as of the Effective Date.
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[Your Name]
[Your Title]
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[Sales Representative Name]
