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Sales Agent Commission Agreement
"I need a Sales Agent Commission Agreement for our Singapore tech company, appointing a sales agent to sell our software products in Malaysia and Indonesia, with a tiered commission structure starting at 10% for the first $100,000 in sales and increasing to 15% thereafter, to commence from March 2025."
1. Parties: Identification of Principal and Sales Agent, including full legal names and registered addresses
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Territory: Scope of agent's appointment and designated geographical area
5. Commission Structure: Detailed breakdown of commission rates and calculation methods
6. Payment Terms: Timeline and method of commission payments
7. Agent's Obligations: Key responsibilities and performance requirements
8. Principal's Obligations: Support and resources to be provided by the principal
9. Term and Termination: Duration of agreement and termination provisions
10. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Clause: Restrictions on competitive activities - used when protecting market share in specific territories
2. Training and Support: Details of training provided by principal - used when significant product knowledge is required
3. Performance Targets: Specific sales targets and KPIs - used when performance measurement is critical
4. Insurance Requirements: Required insurance coverage - used when agent handles valuable products or high-risk activities
5. Sub-agents: Rules regarding appointment of sub-agents - used when sub-agents might be needed
1. Schedule 1: Commission Rates: Detailed commission structure and calculations
2. Schedule 2: Territory Definition: Detailed description of geographical territory
3. Schedule 3: Products/Services: List of products or services covered by the agreement
4. Schedule 4: Performance Metrics: Detailed KPIs and measurement criteria
5. Appendix A: Reporting Templates: Standard forms for sales reporting
6. Appendix B: Operating Procedures: Detailed operational guidelines and procedures
Authors
Agent
Principal
Commission
Territory
Products
Services
Confidential Information
Effective Date
Term
Business Day
Gross Sales
Net Sales
Intellectual Property Rights
Quarter
Sales Target
Commission Period
Customer
Purchase Order
Sales Report
Force Majeure Event
Group Company
Material Breach
Payment Date
Qualifying Sale
Related Corporation
Sales Documentation
SGD
Term Sheet
Working Hours
Territory Rights
Commission Structure
Payment Terms
Performance Obligations
Reporting Requirements
Non-Competition
Non-Solicitation
Confidentiality
Intellectual Property
Representations and Warranties
Indemnification
Insurance
Term and Duration
Termination Rights
Force Majeure
Assignment
Sub-Contracting
Relationship of Parties
Record Keeping
Audit Rights
Dispute Resolution
Governing Law
Notices
Entire Agreement
Severability
Amendment
Data Protection
Anti-Bribery and Corruption
Training and Support
Marketing and Promotion
Product Returns
Customer Service
Compliance with Laws
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