Common Contracts

Sales commission agreement template word

August 14th, 2021

• Filed
  August 14th, 2021

Document Preview: Description: Agreement between Company and Sales Representative re Commission to be received by the Sales Representative. This is drafted in favour of the Sales Representative. The Company agrees to pay the Salesperson as compensation for his services in respect of each Successful Sale made, a commission of [COMMISSION_PERCENTAGE] per cent. of the Contract Price pursuant to each Sale Agreement, to be payable from (and including) the First Sale Date. “Contract Price” is the amount (i) stipulated in a Sale Agreement as the contract price payable to the Company from the relevant Client; and (ii) which has been paid in full to the Company from that client. “New Client” is a client that is not and has never been party to a Sale Agreement. “Sale Agreement” is an agreement entered into between the Company and the relevant client whereby that client has agreed to engage the Company in the production of a product or products. “Successful Sale” shall mean (i) a sale to a New Cl