This agreement is for a term of years and terminable at will after the initial term. Sales Representative is to receive a residual commission for sales to new customer (those he brings to the Company) for a certain number of years after this Agreement has expired or been terminated. The appointment of sales representative is nonexclusive since the sale representative will sell for more than one company.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Missouri Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates is a legal document that outlines the terms and conditions between a sales representative and a company in the state of Missouri. This agreement specifically focuses on residual payments that the sales representative is entitled to receive for bringing in new customers, even after the termination of the contract. Keywords: Missouri Sales Representative Agreement, Residual Payments, New Customers, Contract Terminates, Sales Representative, Legal Document, Terms and Conditions. There may be different types or variations of the Missouri Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates, such as: 1. Commission-Based Residual Agreement: This type of agreement would establish a commission structure where the sales representative receives a percentage of the revenue generated from their referred customers, even after the contract between the representative and the company ends. 2. Specified Timeframe Residual Agreement: This type of agreement would outline a specific timeframe during which the sales representative is entitled to receive residual payments for new customers. After this designated period, the payments may cease. 3. Product/Service-Specific Residual Agreement: This variant of the agreement focuses on residual payments only for specific products or services that the sales representative had introduced to new customers. The payments are contingent upon the continued usage or purchasing of these specific offerings. 4. Territory or Customer-Specific Residual Agreement: In this type of agreement, the residual payments are limited to customers within a specified territory or a particular client list. The sales representative will receive payments for new customers brought in within this defined area, even after the contract concludes. Remember, it is crucial to seek legal counsel or consult with professionals for guidance on the specific terms and conditions that need to be included in the Missouri Sales Representative Agreement with Residual Payments for New Customers after Contract Terminates, as it may vary based on individual circumstances and business requirements.
