Comission Agreement
Comission Agreement
Comission Agreement
COMMISSION AGREEMENT
1. AGENCY: The Company appoints the Agent as its _____ exclusive agent or
_____ non-exclusive agent for the following purposes:
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Agent shall lack authority to bind Company to any agreement or contract until
Agent obtains written consent from
________________________________________ [Name of Individual] of the
Company.
4. INSURANCE: The Agent will carry liability insurance (including malpractice
insurance, if warranted) relative to any service that he or she performs for the
Company.
5. COMMISSION: For the Agent's services, the Company shall pay the Agent
the following commission percentage: ________ % of the Agent's total sales.
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_________________________________________________________
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[Provide additional details if necessary.]
The Company shall not be obligated to reimburse the Agent for any additional
expenses incurred in the performance of services pursuant to this Agreement unless
agreed in writing by the Company in advance.
_________________________________________________________
[Typed or Printed Name of Company Representative]
_________________________________________________________
[Company Representative's Address]
_________________________________________________________
[Typed or Printed Name of Agent]
_________________________________________________________
[Agent's Address]
The parties shall each have the right from time to time to change the place notice is
to be given under this paragraph by written notice thereof to the other party.
11. ENTIRE AGREEMENT: This Agreement sets forth the entire agreement
and understanding between the parties relating to the subject matter herein and
supersedes all prior discussions between the parties. No modification of or
amendment to this Agreement, nor any waiver of any rights under this Agreement,
will be effective unless in writing signed by the party to be charged. Any
subsequent change or changes in the Agent's duties or commission will not affect
the validity or scope of this Agreement.
15. ATTORNEY FEES: In the event that this Agreement becomes subject to
litigation between the parties hereto, the parties agree that the prevailing party shall
be entitled to an award of attorney's fees, costs, and the prevailing statutory interest
from the other party.
16. ADDITIONAL ACKNOWLEDGMENTS: Both parties acknowledge and
agree that: (a) the parties are executing this Agreement voluntarily and without any
duress or undue influence; (b) the parties have carefully read this Agreement and
have asked any questions needed to understand the terms, consequences, and
binding effect of this Agreement and fully understand them; and (c) the parties
have sought the advice of an attorney of their respective choice if so desired prior
to signing this Agreement.
Company:
_________________________________________________________
[Signature of Company Representative]
_________________________________________________________
[Typed or Printed Name of Company Representative]
Agent:
_________________________________________________________
[Signature of Agent]
_________________________________________________________
[Typed or Printed Name of Agent]
ACKNOWLEDGMENT
STATE OF ALABAMA
COUNTY OF ________________
PERSONALLY came and appeared before me, the undersigned authority, on this
day appeared ________________________________________ [Name of
Company Representative] and ________________________________________
[Name of Agent], known to me to be the persons whose names are subscribed to
the foregoing instrument, and acknowledged to me that they executed the
instrument for the purposes and consideration expressed in the instrument.
GIVEN under my hand and seal of office on this the _____ day of
_________________, 20__.
____________________________________
NOTARY PUBLIC
My Commission Expires:
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