Termination Of Sales Representative Agreement Generator for England and Wales

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Key Requirements PROMPT example:

Termination Of Sales Representative Agreement

"I need a Termination Of Sales Representative Agreement to end our relationship with our UK sales representative for medical devices, including a 3-month transition period and provisions for outstanding commission payments on deals closing before March 2025."

Document background

The Termination Of Sales Representative Agreement is used when parties wish to formally end their sales representation relationship in England and Wales. It's particularly important where the original agreement falls under the Commercial Agents (Council Directive) Regulations 1993, which provides specific rights and protections for commercial agents. This document ensures proper handling of final commissions, compensation claims, customer transitions, and ongoing obligations, while protecting both parties' interests during and after the termination process.

Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context of the original agreement and reason for termination

3. Definitions: Key terms used in the termination agreement

4. Termination Date: Specific date when the agreement will terminate

5. Final Payments: Details of any final commission, compensation, or indemnity payments

6. Return of Property: Provisions for returning company assets and materials

7. Confidentiality: Ongoing confidentiality obligations

Optional Sections

1. Transition Period: Terms governing handover period if there's a need for gradual transfer of responsibilities

2. Non-Compete Provisions: Post-termination competitive restrictions when protecting business interests from immediate competition

3. Mutual Release: Mutual waiver of claims when seeking clean break between parties

Suggested Schedules

1. Schedule of Outstanding Commissions: Detailed list of pending commissions and payment schedule

2. Customer Transfer Schedule: List of customers and transfer arrangements

3. Company Property Inventory: List of company assets to be returned

4. Final Settlement Calculation: Detailed breakdown of final payment amounts

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Let's create your Termination Of Sales Representative Agreement

Authors

Alex Denne

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