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An exclusive representation agreement is a contract between a company producing a product and its distributor. The agreement determines the rights to be granted or waived by each party. This may include but is not limited to: the fee for representation and what services are covered.
Sales Representative Job Responsibilities: Serves customers by selling products and meeting customer needs. Services existing accounts, obtains orders, and establishes new accounts by planning and organizing daily work schedule to call on existing or potential sales outlets and other trade factors.
Hear this out loud PauseA sales representative contract is a legal agreement between a particular company and the sales executive/representative who acts on the company's behalf to execute sales services. It provides clear guidelines for the terms of employment, compensation, and termination.
An exclusive contract is a legally binding agreement between at least two parties, which sets out that goods/services are to be purchased from only one seller, making that seller the exclusive provider of the goods/services.
Take Time to Consider Your Goals for the Agreement With a non-exclusive sales representative agreement, you, as the company owner, are entitled to hire other representatives to sell the same products. You may even decide to hire multiple sales representatives to sell the same products within the same geographic area.
Hear this out loud PauseThe enclosed document is an exclusive sales representative agreement. This means that the company is not entitled to hire additional representatives to sell the same products. If you want to make sure that the company can have more than one sales representative for its products, you should not use this agreement.