This agreement is intended to be used by the manufacturer or supplier of a product that wishes to appoint a representative who sells it in a particular area. High value information cannot be disclosed to third parties for the duration of this sales agency agreement. The agent may be required to promote products/services by participating in fairs, seminars, etc. This can be considered a precondition for working with sales managers and other employees of the company. There is no doubt that the parties being considered will hold meetings first to discuss the terms of the appointment. It is proposed that they first reach a few heads of terms and then be transferred to the agreement. 20. This agreement is executed in two copies. The original is kept by the company and duplicated by the agents. Agents bear stamp duty and other expenses related to the original and duplicate of this agreement. 5. The Company will not directly sell its products in the area of the State of Rajasthan and all requests, orders and correspondence received by the Company in this area will be forwarded to the agents to be processed. The agent is usually an individual.
The introduction may therefore be limited to age and address. It is presumed that the agent is in a position to enter into a valid contract under Section 10 of the Indian Contracts Act. PandaTip: You and your sales agency counterpart can use the following fields to sign this electronic sales agency model. An agreement regarding the designation of a commercial agent may contain the following information: Description of the Contracting Parties This agreement may be terminated under one of the following conditions: This prevents the agent from disclosing trade secrets and other contractor know-how to outside persons. The penalty for the same should also be recorded. (4) Agents are entitled to a commission of 4% (four per cent) on the net proceeds from the sale of these products. However, the commission must be paid on the money actually received and not on the unpaid debts. (8) Agents correctly observe all the goods they receive; (ii) sales information; (iii) all credits granted for a commodity. The company`s senior executives and authorized officials have the right to view these accounts at appropriate times, which may also make copies or excerpts of the same or one of them.