Description and usage
Representation Agreement Template This representation agreement template is suitable for use where a manufacturer or supplier in one country appoints a company in another country to act as its sales agent. Instead of receiving commission, a cost sharing and profit sharing arrangement gives the sales agent a percentage of the profits generated from sales each year. This eight page agreement includes 12 main clauses covering - definitions
- appointment of representative
- commencement and duration
- duties of representative
- sales of products
- financial arrangements
- duties of principal
- intellectual property rights
- termination
- non-competition
- assignment
- miscellaneous clause addressing notices, the scope of the agreement, waiver, and governing law and disputes.
You need this template agreement if there is already a pattern of dealing between principal and agent, and the parties want to develop that role into a profit-sharing arrangement. What's in it? - See detailed Explanatory Notes below
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