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A sales commission agreement is a legal contract between the company and individual that outlines their specific commission plan (e.g., terms of payment, commission rates, quotas, etc.)
A sales agency agreement is a legal agreement between a company and an agency the company hires to perform sales services. The agreement defines the rights and obligations of both the company and the sales agency. Sometimes this agreement is called a selling agency agreement.
These agreements outline the terms and conditions of the relationship between the manufacturer and the representative, ensuring that both parties understand their rights and responsibilities.
A legal agreement can be informal, meaning nothing needs to be witnessed or written down. A contract, on the other hand, is both more formal and legally binding?which means it must be documented. Both an agreement and contract represent specific arrangements between two or more parties.
A 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.
The Sales Representative is responsible for selling products and meeting customer needs while obtaining orders from existing or potential sales outlets. They ensure that the customer is satisfied and adequately taken care of while making a purchase.