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Meaning of commission agent in English. someone who sells a company's products and receives a part of the money paid for the goods for doing this: Such business is conducted through commission agents who sell to their families and friends.
A sales agency agreement defines what the terms are when a sales agent acts as an independent contractor for a company. They will promote the company's services or products in exchange for the commission on each sale that comes through. This contract is very similar to a general independent contractor agreement.
How to Write a Commission Agreement?Names of the parties and the date of signing the document.Responsibilities of the employee.Compensation of the employee.Commission earnings and payment structure.Confidentiality.Termination.Signatures of the parties.
A commission agent's fee for carrying out responsibilities specific to the product or service is a percentage of a its sale. The fee is based on how much effort the agent puts into the sale and the cost of the product or service itself.
Each commission agreement should include the following info:Names of both signing parties.The legal relationship between the parties.Employment date.Non-compete clause.Commission structure.Potential base salary.Non-disclosure clause.