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Back to Forms for 'Agency'.


EXCLUSIVE TERRITORY OF SALES AGENCY - (Type 1)

EXCLUSIVE TERRITORY OF SALES AGENCY - (Type 1)

 

This agreement is made __________ (Date), between ___________________________ (Principal), a corporation organized and existing under the laws of ___________ (State) having its principal place of business at ______________________________________ (Address) here referred to as principal, and ____________________________ (Agent), of ___________________________________________________________ (Address) here referred to as salesperson.

 

The principal and salesperson agree to the following:

 

PART I.

APPOINTMENT OF SALESPERSON

 

The principal hereby appoints salesperson as an exclusive agent within the territory described.  This appointment follows the terms and conditions set forth in this agreement, for the solicitation and acceptance of orders for the described products.

 

PART II.

EXCLUSIVE SALES TERRITORY

 

The exclusive sales territory of this agreement is _____________________ (Describe Territory).

 

PART III.

SALESPERSONS RIGHT TO SOLICIT AND TAKE ORDERS

 

Salesperson shall have the exclusive right to solicit and take orders in the territory for all _______________________________________________________ (Products).

 

PART IV.

PRICES AND TERMS OF ORDERS; CONFIRMATION

 

Salesperson shall solicit and take orders, within the territory, for products at the prices specified by principal.

 

All orders solicited and taken by salesperson shall be subject to acceptance and confirmation in writing by an authorized representative of principal.

 

PART V.

COMMISSIONS ON SALES

 

Unless otherwise stated, principal will pay commission on all uncancelled customer orders received from territory, amounts equal to percent of the net selling price of products that are sold within the territory by salesperson.  Commissions will also take into account and be calculated as follows:  ___________________________________ (include any factors affecting commission such as:  payment schedule, outside territory sales and refunds)

 

PART VI.

DEVOTION OF TIME AND SKILL

 

The salesperson agrees to use their best efforts to promote the sale and use of the products within the territory.  The salesperson shall respect the policy that regards the sale of products.

 

The parties expressly agree that salesperson shall not become interested in the sale of any product that competes with the products of this agreement, or that would conflict with the best interests of principal.

 

PART VII.

ARBITRATION

 

Any and all claims and disputes to this agreement will be subject to arbitration.  The arbitration will be in accordance with the Arbitration Rules of the American Arbitration Association for _____________________ (Principals Industry).  Written notice of arbitration shall be filed with the other party and with the American Arbitration Association, within _________ (Days).

 

PART VIII.

SALESPERSONS LIABILITY INSURANCE

 

As a condition to the appointment of a salesperson under this agreement, the salesperson agrees to maintain a public liability insurance policy with minimum limits of ________________ ($_____) with an insurance carrier licensed to do business in _______________ (State).  Proof of salespersons procurement of insurance is required no later than __________ days from the execution of this agreement.

 

PART IX.

GOVERNING LAW

 

This agreement and any disputes relating to it are governed by the laws of the state of ________________ (State)

 

PART X.

TERMS OF AGREEMENT EXCLUSIVE

 

This is the agreement between the parties.  The parties understand and agree that neither of them has made any representation with respect to the subject matter of the agreement except those specifically set forth.

In witness whereof, the parties have executed this agreement at ___________________ (Place of Execution) on __________________ (Date)

 

 

 

_________________________                  _____________________

Signature                                                                           Date

 

 

 

_________________________                  _____________________

Signature                                                                           Date       

 



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