When it comes to business relationships, contracts are an important tool to ensure that both parties are on the same page. A commercial agency contract is a type of contract that outlines the terms of an agreement between a company and a commercial agent. This agreement typically details the responsibilities of the agent and the compensation that they will receive for their services.
Here is a sample of what a commercial agency contract might look like:
Commercial Agency Contract
This Commercial Agency Contract (“Agreement”) is made effective as of the date of signing by and between [Company Name], a [State] corporation (“Company”), and [Agent Name], an individual residing in [City, State] (“Agent”).
WHEREAS, Company desires to engage Agent as an independent contractor to perform certain services related to the sale of the Company’s products or services; and
WHEREAS, Agent desires to represent Company as an independent contractor and agrees to provide services as specified in this Agreement;
NOW, THEREFORE, the parties agree as follows:
1. Services. Agent agrees to provide the following services to Company:
a. Promote and sell Company’s products or services to potential customers within the territory specified by Company.
b. Provide Company with regular updates on sales and customer feedback.
2. Compensation. Company agrees to compensate Agent as follows:
a. A commission of [insert percentage] of the net sales price for all products or services sold by Agent within the territory specified by Company. The commission will be paid on a monthly basis.
b. [Other compensation details, if applicable]
3. Term. This Agreement shall commence on [insert date] and shall continue until terminated by either party upon [insert notice period] days’ written notice.
4. Termination. Company may terminate this Agreement for any reason upon [insert notice period] days’ written notice to Agent. Agent may terminate this Agreement for any reason upon [insert notice period] days’ written notice to Company.
5. Confidentiality. Agent agrees to maintain the confidentiality of Company’s trade secrets and proprietary information.
6. Indemnification. Agent agrees to indemnify and hold harmless Company from any and all claims, damages, and expenses arising from Agent’s breach of this Agreement or any negligent or intentional acts.
7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of [insert state].
8. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Company Signature] [Agent Signature]
[Printed Name] [Printed Name]
[Title] [Date] [Date]
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