Commission Payment Agreement Template

This commission payment agreement template has 0 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our commission payment agreement template:

COMMISSION PAYMENT AGREEMENT This Commission Payment Agreement (the "Agreement") is made and effective this [DATE], BETWEEN: [CLIENT NAME] (the "Client"), a [individual/company] with its principal place of business located at: [YOUR COMPLETE ADDRESS] AND: [AGENT NAME] (the " Agent"), a commission-based sales agent organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its principal place of business located at: [COMPLETE ADDRESS] WHEREAS, the Client desires to engage the Agent to provide sales and marketing services under the terms and conditions set forth herein; WHEREAS, the Agent agrees to provide such services to the Client in accordance with the terms and conditions of this Agreement; IT IS HEREBY AGREED THAT: SCOPE OF SERVICES 1.1 The Agent agrees to promote and sell the Client's products/services (the "Products") in accordance with the sales objectives and policies provided by the Client. 1.2 The Agent will use their best efforts to achieve the sales targets set forth by the Client and provide regular updates on progress and market feedback. AUTHORITY 2.1 The Client grants the Agent the authority to negotiate and conclude sales contracts on behalf of the Client, subject to the Client's approval of terms and conditions. 2.2 The Agent agrees to act in the best interests of the Client and in accordance with the sales objectives and policies provided by the Client. TERM 3.1 The term of this Agreement shall commence on [START DATE] and continue until [END DATE], unless terminated earlier in accordance with this Agreement. 3.2 Either Party may terminate this Agreement by providing [NUMBER OF DAYS] days' written notice to the other Party. 3.3 In the event of termination, the Agent will cooperate with the Client to ensure a smooth transition of responsibilities. COMMISSION PAYMENT 4.1 The Client agrees to pay the Agent a commission of [PERCENTAGE]% of the gross sales revenue generated by the Agent, payable as follows: [PAYMENT TERMS]. 4.2 The Agent will submit a commission invoice to the Client on a [MONTHLY/QUARTERLY] basis, based on the sales completed during the billing period. 4.3 The Client agrees to pay each commission invoice within [NUMBER OF DAYS] days of receipt. 4.4 Late payments will incur a late fee of [LATE FEE AMOUNT] or [PERCENTAGE]% per month until paid in full. AGENT RESPONSIBILITIES 5.1 The Agent agrees to diligently promote and sell the Products and provide accurate and timely reports of all sales activities to the Client. 5.2 The Agent agrees to comply with all applicable laws and regulations in the performance of their duties under this Agreement. CONFIDENTIALITY 6.1 The Agent agrees to maintain the confidentiality of all proprietary and confidential information of the Client, both during and after the term of this Agreement. 6.2 The Agent will not disclose any confidential information to third parties without prior written consent from the Client. 6.3 The obligations of confidentiality will survive the termination of this Agreement. INDEMNIFICATION 7