COMMISSION AGREEMENT.
This commission agreement (hereinafter referred to as the “Agreement”) is entered
into on this ________ day of __________ 20__by and between ______________
located in The United States of America (hereinafter referred to as the “Company”),
_______________________ located in the United Emirates (hereinafter referred to
as the “Affiliate”) and ________________ located in India (hereinafter referred to as
the “Partner”). Together referred to as “parties”.
WHEREAS the affiliate is a legal entity of the Company and shall be in charge of
receiving and making the necessary payments herein;
THEREFORE, the parties have agreed to be bound by the following terms and
conditions; –
1. Purpose.
Parties agree that the partner shall connect the company with potential clients based
on the Company’s requirements to buy products/services of the Company.
Parties herein agree that the client introduced by the partner shall become his after
the partner shows he would be reaching out to this client and the Company
approves.
2. Term.
This agreement shall be for a term of ___________.
3. Commission Structure.
The parties agree that if the lead turns into a sale, the Company shares the profits
with the Partner at 10% for the first 6 months and 5% for the next 6 months.
4. Payment.
Parties agree that payment shall be made to the account that the Partner shall
choose, and the payment shall be made once a month after the new client has made
the payment.
5. Non-Disclosure.
The Partner acknowledges that during the performance of his obligations under this
agreement, they will come into contact with confidential information, trade secrets,
and intellectual property which they acknowledge and agree not to disclose to any
third parties without prior written consent.
6. Governing Law.
This agreement shall be governed and interpreted in accordance with the laws of the
state of Delaware.
7. Termination.
Parties agree that this agreement may be terminated for the following reasons which
include but are not limited to; –
i. The Company not paying as agreed
ii. The Company hiding that they have closed the deal.
iii. If someone wants to terminate the agreement.
Parties agree that in the event the agreement is terminated, the Company shall still
pay the partner any payments that are due if they sign some of the clients.
8. Modification.
The parties herein may only modify or amend the terms herein by the same being
reduced into writing and signed by both parties willingly.
9. Waiver.
The parties agree that no waiver of the rights under this agreement shall be
construed as a continuing waiver or as consent to any future or subsequent
breaches.
10. Entire Agreement.
This agreement constitutes the entire agreement between the parties herein and
supersedes any prior oral or written agreements or promises.
11. Acceptance.
By the parties signing herein below, they accept to be legally bound by the terms and
provisions of this agreement.
By the Company: –
Name:
_____________________________
Designation:
________________________
Signature:
__________________________
Date:
______________________________
By the Partner: –
Name:
_____________________________
Designation:
By the Affiliate: –
Name:
_____________________________
Designation:
________________________
Signature:
__________________________
Date:
______________________________
________________________
Signature:
__________________________
Date:
______________________________
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