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Sales Commission Agreement

PN
By Penno TeamCreated 2/1/2025
AgreementsContractsSales Documents

Sales Commission Agreement

This Sales Commission Agreement (the "Agreement") is made and entered into as of [Date] by and between [Company Name] (the "Company") and [Salesperson Name] (the "Salesperson").

1. Purpose

The purpose of this Agreement is to outline the terms and conditions under which the Salesperson will earn commissions for sales made on behalf of the Company.

2. Commission Structure

The Salesperson will receive a commission of [Percentage]% on all sales generated by the Salesperson. Commissions will be calculated based on the net sales amount, excluding taxes and returns.

Example:

If the Salesperson sells products worth $10,000, the commission will be calculated as follows:

Commission = $10,000 * [Percentage]% = $[Commission Amount]

3. Payment Terms

Commissions will be paid to the Salesperson on a [Monthly/Quarterly] basis, within [Number] days after the end of the payment period.

4. Duration of Agreement

This Agreement will commence on [Start Date] and will continue until terminated by either party with [Number] days written notice.

5. Confidentiality

The Salesperson agrees to keep all sales data and commission structures confidential and will not disclose this information to any third party without the Company's prior written consent.

6. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

7. Signatures

IN WITNESS WHEREOF, the parties hereto have executed this Sales Commission Agreement as of the date first above written.

__________________________
[Company Name]
Authorized Signature

__________________________
[Salesperson Name]
Signature

Template for a Sales Commission Agreement outlining terms and conditions.
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A comprehensive template for creating a Sales Commission Agreement, detailing commission structures, payment terms, and confidentiality clauses.

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