business sale commission agreement
a sales agent commission agreement sets out the details of the commission to be paid by your small business to your sales representative. the type of sales commission agreement you use depends on the legal relationship between the business and your sales representative. if you are giving the sales representative the exclusive right to sell your product, you should use an exclusive sales agreement. to this end, a properly drafted agreement should provide detail about all the features of your sales commission plan, including: your agreement also needs to account for if the sales rep's employment with you ends, particularly if any of your sales are generated by ongoing or continuous commissions. such an agreement goes a long way to protecting both you and your representative in the event of any misunderstandings about how commissions are to be paid.