This editable Sales Representative Commission Agreement template can be used for any industry (works really well for real estate sales). If you are looking to bring on a contract salesperson and will be paying them a commission this document helps to set out an understanding between both parties.
It covers over:
- Territories
- Exclusive and non-exclusive rights
- Timeframes for payout & submission
- Employee or Contractor
- Indemnifications
- Residual Income Agreements
- Termination
- Acceptable Campaigns
- Non-paying customers and how that affects commissions
Benefits
Having an agreement with staff or contractors in your sales team is paramount to avoid any confusion. Whilst gentlemens or handshake agreements are nice in spirit, they often can be muddied down the track when someone either breaks a condition or doesn't remember something crucial. Setting up a clear framework for your relationship (especially when money is involved) will save you time and money down the track.
By having this agreement you:
- Set clear boundaries for what is an is not acceptable
- Set commission levels and pay out - know what to expect and when
- Sets territory expectations - where you can and can't sell
- Commit to limitation of liability
- Both agree to what termination of the contract looks like (this one is important)
