COMMISSION AGREEMENT
This Commission Agreement (hereinafter referred to as the “Agreement”) is between
______________________ (hereinafter the “Company”), and
___________________ (hereinafter the “Agent”). Together referred to as the
“Parties”.
NOW, THEREFORE, in consideration of the promises and considerations between
the parties, they agree to be legally bound as follows; –
1. Services.
The parties herein agree that the Agent shall provide the services of sales for the
company herein who are a race car rental company.
2. Term.
This Agreement shall be binding indefinitely unless otherwise terminate.
3. Commission.
The parties herein agree that the Agent shall receive a commission of ___ per each
car booking.
Parties further agree that if any of the clients brought in by the Agent have referrals,
the Agent shall receive a commission for the referral.
The above-mentioned commission shall be paid out after the customer has signed
the booking form with the Company and within 7 days after the funds for the booking
have been paid to the Company’s bank account.
4. Confidentiality.
The Agent acknowledges that in delivering the services herein, the Agent will come
into contact with confidential information that relates to/belongs to the Company and
agrees not to disclose this information to any third parties without the written consent
of the Company. The Agent agrees to adhere to the term herein, which shall
continue to exist for two years after termination of this Agreement.
5. Non-Compete.
The Agent agrees not to compete with any business in competition with the
Company.
6. Indemnification.
The parties herein agree to indemnify and hold each other harmless for any losses,
damages, or liabilities.
7. Relationship.
The relationship between the parties herein is that of an independent contractor, and
the same shall not be construed to mean otherwise.
8. Termination.
Either party to this Agreement may terminate the terms herein at any time for any
reason.
9. Dispute Resolution.
In the event of a dispute or conflict arising from the services or terms herein, the
same shall be referred to mediation failure of which, the dispute shall be referred to
Arbitration whose decision is binding upon the parties.
10. Assignment.
Neither party shall assign their rights and obligations under this Agreement to
another party without the prior written consent of the other party.
11. Governing Law.
The terms and provisions of this Agreement shall be governed in accordance with
the laws of ________________.
12. Entire Agreement.
The terms and provisions herein contain the agreement between the parties and
supersede any prior written or oral agreements or negotiations.
13. Amendments.
Parties may modify or amend the terms herein through another written and signed
codicil by the parties.
IN WITNESS THEREOF, the parties have agreed to be legally bound by the terms
herein by signing below: –
By the Company; –
Signature:
__________________________
Name:
_____________________________
Date:
______________________________
Email Address:
_____________________
By the Agent; –
Signature:
__________________________
Name:
_____________________________
Date:
______________________________
Email Address:
_____________________
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