Independent Sales Rep Contract Template
The sole and exclusive compensation to be paid by the company to representative in consideration for all services rendered by representative as an independent.
Independent sales rep contract template. The salesperson will bear all expenses incurred in his sales endeavors except for those for which the company agrees in writing to pay. Standard independent contractor sales representative agreement. The contract with the independent sales rep is the best way to show that the person is an independent contractor. If youre a company thats about to hire a sales rep to improve your sales youll want to get a sales representative contract in place.
In calculating the representatives commission the company may offset any credits cancellations refunds allowances and returns to or by customers of revenues on which representative has already been paid commissions under this agreement but in no event will the offset for any customer exceed the sales price of that customers returned. An independent sales rep agreement is necessary for any business that consists of sales representatives. Independent sales representative agreement this agreement is made as of the day of execution between the company and the representative and entered into for the purpose of retaining the representative as the companys independent sales agent. This sales representative agreement also sets forth the independent contractor status of the sales representative.
When a company wants to hire sales representatives it is important to provide them about the company policies and sales guidelines so that they can represent the company in front of clients and customers in a better way. A sales representative agreement is a crucial document in the process of. Sales representative agreement page 4 h. Whereas the company is a manufacturer importer or distributor of.
The sales force is the public face of the company so its important that the organizations and individuals that are in charge of marketing the services and products are selected carefully. The representative hereby accepts such engagement. The document allows you to outline the terms of your independent contractor relationship agreeing on the sales services provided payment details and more. This agreement set out the names of the parties the products to be sold and the specific territory.
Representative must be in good standing and paid in full with monthly access fee prior to the close of each month. It also sets forth the agreement term payment and expenses arrangements and representatives responsibilities. The salesperson will serve as an independent contractor and be responsible to pay all applicable social security withholding and other taxes.