When it comes to conducting business, it`s essential to have an agreement in place that lays out the terms of the relationship between different parties. This is especially important when it comes to working with an agent, as their role is critical in shaping the direction and success of your business.
A business agent agreement is a legal document that outlines the terms and conditions of the relationship between a business and its agent. This agreement is important as it protects both the business and the agent by clearly defining their roles, responsibilities, and obligations.
To help you get started with creating a business agent agreement, we have provided a sample agreement below. This agreement should be tailored to your specific needs and requirements.
Business Agent Agreement Sample
1. Scope of Services
The agent agrees to provide services to the business as outlined in this agreement. These services may include but are not limited to marketing, sales, and negotiating contracts on behalf of the business.
2. Term
This agreement shall commence on the date of execution and shall continue for a period of two (2) years, unless terminated earlier as provided herein.
3. Commission
The agent`s compensation shall be based on a commission of [insert percentage]% of the gross sales price of any goods or services sold by the business during the term of this agreement. This commission shall be paid monthly or as otherwise agreed upon by both parties.
4. Responsibilities of the Agent
The agent agrees to perform all services in a professional and timely manner and to act in the best interests of the business at all times. The agent shall also provide the business with regular reports on their sales and marketing activities and keep the business informed of any relevant industry developments.
5. Responsibilities of the Business
The business agrees to provide the agent with all necessary information and support to enable them to carry out their duties effectively. The business also agrees to pay the agent`s commission promptly and to reimburse the agent for any expenses incurred in the course of carrying out their duties.
6. Termination
This agreement may be terminated by either party upon giving thirty (30) days` written notice to the other party. In the event of termination, the agent shall be entitled to receive any commissions due up to the date of termination.
7. Confidentiality and Non-Disclosure
The agent shall maintain the confidentiality of all proprietary and confidential information of the business, and shall not disclose such information to any third party without the prior written consent of the business.
8. Indemnification
The agent agrees to indemnify and hold harmless the business, its officers, directors, employees, and agents from any and all claims, damages, liabilities, costs, and expenses arising out of or in connection with the agent`s performance under this agreement.
9. Governing Law
This agreement shall be governed by and construed in accordance with the laws of the state in which the business is located.
Conclusion
A business agent agreement is an essential document that helps to protect both parties when working together. This sample agreement provides a starting point for creating your own customized agreement, but it`s important to work with a legal professional to ensure that it meets your specific needs and requirements. By having a clear and concise agreement in place, you can establish a strong relationship with your agent and set your business up for success.