A supplier may prevent a representative from selling competing products from another company in the specified territory for the duration of the agreement or for a period after the end of the contract. A supplier can also prevent the agent from exceeding an effort limit within the allotted time and may require an agent to make a guarantee payment that protects the supplier if a buyer does not pay. After the termination date, this contract remains in effect for an additional three years, unless a party responds to a request for termination. This agreement can be terminated under one of the following conditions: PandaTip: This model clearly defines the responsibilities of the distribution agency with respect to this agreement. These tasks include obtaining an annual quota, conducting advertising and other advertising activities, and providing after-sales services. Within 30 days of the entry into force of this distribution agency agreement, the company may assign the distribution agency an annual quota deemed fair and appropriate and will take into account previous sales, the economic condition of the area and possible additional market situations in the area. You can also terminate this agreement by sending a written termination to the agent. In this document, you can indicate the notice period. PandaTip: This section of the sales agency agreement model describes the process and procedure for sales and post-sale activities, including offers, support and collection of unpaid fees by end-users. The exclusive agency gives an agent exclusive rights to sell the client`s products in the territory and the client agrees not to appoint other representatives in the same territory. In a non-exclusive agency, the client may appoint other representatives in the territory and the representative must compete with others to promote and conclude sales.
Normally, the area is defined as a geographic area entrusted to the agent. In addition, the company may change prices, delivery fees, terms and conditions or delivery plans with 30 days before notification to the sales agency. These changes do not affect sales accepted before the notification date. 4. Agent`s obligations and obligations: The contract may require the agent to comply with the following obligations: The distribution agency understands and accepts that the company is the rightful owner of all securities, rights, interest and products contained in the contract.