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.
A New Hampshire Sales Representative Agreement with Residual Payments for New Customers after Contract Termination is a legally binding contract that outlines the terms and conditions between a sales representative and a company based in New Hampshire. This agreement is designed to compensate the sales representative for their efforts in acquiring new customers, even after the termination of the contract. Keywords: New Hampshire, Sales Representative Agreement, Residual Payments, Contract Termination, New Customers There are different types of New Hampshire Sales Representative Agreements with Residual Payments for New Customers after Contract Termination depending on the specific terms and conditions outlined in the agreement. Some common types include: 1. Commission-based Sales Representative Agreement: This type of agreement states that the sales representative will receive a percentage-based commission on the sales they generate during the contract period. Additionally, they may be entitled to residual payments for a specified period after the contract terminates for any new customers they acquired during the contract term. 2. Fixed Fee Sales Representative Agreement: In this type of agreement, the sales representative is paid a fixed fee for their services, either in the form of a flat rate or a retainer. The agreement may also include provisions for residual payments for new customers brought in by the representative after the contract concludes. 3. Hybrid Sales Representative Agreement: This agreement combines elements of both commission-based and fixed fee structures. The sales representative may receive a base fee or retainer along with commission-based incentives based on the sales they generate. Residual payments for new customers acquired during the contract period may also be included. 4. Exclusive Sales Representative Agreement: This type of agreement grants exclusivity to the sales representative within a specific territory. They are responsible for selling the company's products or services exclusively in that region. Residual payments for new customers after contract termination may be included as a means to motivate the representative to continue generating sales even after the contract ends. 5. Non-Exclusive Sales Representative Agreement: This agreement allows the sales representative to work with multiple companies simultaneously and sell their products or services. Residual payments for new customers acquired during the contract term may be included to incentivize the representative to bring in long-term clients. In each of these New Hampshire Sales Representative Agreements, the provision of residual payments for new customers after contract termination serves as an incentive for sales representatives to continually generate sales and build long-term relationships with customers. These agreements ensure fair compensation for the representative's efforts and encourage their dedication to the company's growth beyond the contract period.
