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Software Sales Commission Agreement
"I need a Software Sales Commission Agreement for a UK-based enterprise software company hiring a sales representative to cover the Northern England territory, with a 15% commission structure on all sales and quarterly performance targets starting from March 2025."
1. Parties: Identification of contracting parties, including full legal names and addresses
2. Background: Context of the agreement, including the nature of the software business and sales arrangement
3. Definitions: Key terms used throughout the agreement including Software Products, Territory, Commission, Net Sales, etc.
4. Appointment: Terms of appointment as sales representative, including exclusivity status and relationship nature
5. Commission Structure: Detailed provisions for commission calculation, payment terms, and conditions for earning commission
6. Territory and Products: Definition of geographical area and specific software products covered under the agreement
7. Obligations: Responsibilities and duties of both parties, including sales targets and reporting requirements
8. Term and Termination: Duration of agreement, renewal terms, and grounds for termination
9. Governing Law: Specification of English and Welsh law as governing law and jurisdiction
1. Non-Compete: Restrictions on competing activities during and after the agreement term
2. Training: Requirements for product training and ongoing professional development
3. Performance Targets: Specific sales targets and consequences of not meeting them
4. Intellectual Property: Protection and usage rights of software IP and related materials
5. Data Protection: Compliance with UK GDPR and data protection requirements
1. Schedule 1 - Commission Rates: Detailed commission structure, calculations, and payment terms
2. Schedule 2 - Product List: Comprehensive list of software products covered by the agreement
3. Schedule 3 - Territory Map: Detailed definition and map of sales territory
4. Schedule 4 - Sales Targets: Specific performance metrics and targets
5. Schedule 5 - Reporting Templates: Standard forms for sales reporting and commission calculations
Authors
Annual Sales Target
Approved Customer
Commission
Confidential Information
Customer
Effective Date
Intellectual Property Rights
License Fee
Net Sales
Products
Principal
Quarter
Revenue
Sales Period
Sales Representative
Sales Target
Software
Subscription Fee
Territory
Term
Termination Date
Trade Marks
Upgrade
Working Day
Year
Commission Structure
Payment Terms
Territory Rights
Performance Obligations
Reporting Requirements
Intellectual Property
Confidentiality
Non-Competition
Non-Solicitation
Training and Support
Sales Targets
Marketing Requirements
Customer Management
Record Keeping
Audit Rights
Term and Duration
Termination
Post-Termination Obligations
Indemnification
Insurance
Force Majeure
Assignment
Warranties
Data Protection
Dispute Resolution
Notices
Entire Agreement
Severability
Governing Law
Jurisdiction
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