Define: Sales Agency

How is Sales Agency defined in a legal contract?

• Sales Agency means a business entity such as a corporation, partnership, or other commercial institution which is involved in retailing consumer products. These consumer products are outlined [appendix] of Commerce Law.
  Seen in 5 SEC filings
• Sales Agency means responsibilities limited to conducting ‘sales’ activities granted under an agreement. Its representatives are solely responsible and at their own risk, expense, and under its supervision. Express written permission is required to represent products that compete directly with the business’s products during the existence of the agreement, or for a [number] period following the termination.
  Seen in 3 SEC filings
• Sales Agency means the act of promoting, marketing, and selling a particular project by an appointed agent, according to the terms of an agreement.
  Seen in 1 SEC filing
• Sales Agency means limited authority to conduct ‘sales’ activities as outlined in an agreement. The reseller has the right to appoint and is responsible for its own salespersons, employees, agents, resellers, and subcontractors who are at the reseller’s own risk, expense, and oversight. The reseller must not represent products that infringe upon Company’s patents and must keep Company’s trade secrets confidential. Upon termination of this Agreement, the reseller and its associated parties must cease selling the products and can no longer rent, lease, service the product, or any competing product. If the agreement is terminated for any reason, all existing agreements between the Company and any third parties connected with the reseller also automatically terminate.
  Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of sales agency’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Sales Agency means a business entity authorized to conduct retail-oriented activities, promoting, marketing, and selling products as per a specific agreement.

Relevant Contract Types

• Sales Representative Agreement
• Distribution Agreement
• Agency Agreement

Relevant Circumstances

• When a company wants to expand its business and reach a larger consumer base.
• When a company lacks the resources to manage sales activities and wishes to delegate this responsibility to a dedicated agency.

Relevant Sectors

• Consumer Goods Sector
• Retail
• Technology Sector

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Genie Definition 2

• Sales Agency means an entity with limited authority to conduct 'sales' activities, responsible for its own representatives, with restrictions on impacting competitors.

Relevant Contract Types

• Non-Disclosure Agreement
• Non-Compete Agreement
• Manufacturing and Supply Agreement

Relevant Circumstances

• When protecting a company's competitive advantage and confidential business secrets is essential.
• When a company wants to stipulate actions its sales agency cannot perform, especially towards competitors.

Relevant Sectors

• Technology Sector
• Manufacturing Sector
• Pharmaceutical Sector

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