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The parties will then negotiate different commission percentages for sales made against the draw. In this arrangement there is no concern that the salesperson will ever be expected to pay back any of the monies earned as a draw. It is understood that the draw is for the sales person to keep forever and ever.

A draw is an advance against future anticipated incentive compensation (commission) earnings.With a draw versus commission payment, typically the only way for the sales employee to earn a higher salary is to meet or exceed specific sales goals in order to earn a higher amount than the draw rate.

Contract Drawings Contract drawing means a diagrammatic or pictorial description of the construction to be furnished, or copies thereof, which is included as a part of the Contract Documents as modified by Addenda and Change Orders to the Contract.

A draw is a loan from the company to a salesperson that is carried forward until he or she earns sufficient commissions and/or incentives to repay the loan or until the employee is no longer employed with the company.

This means they have legal significance and form part of the agreement between the employer and the contractor. The main purpose of construction drawings is to provide a graphic representation of what is to be built.

Contracts provide a written document that outlines the full understanding of the business relationship and scope of the work so that no one can claim any misunderstandings later down the road. They specify exactly what rights are being purchased and what rights you're retaining. They're binding and legally enforceable.

If there is a conflict between the Drawings and Details on Drawings and the Specifications, then the Specifications will prevail. The higher Order of Precedence of Documents governs or prevails.