EXCLUSIVE TERRITORY OF SALES AGENCY - (Type 1)
This agreement is made __________ (Date), between ___________________________ (Principal), a
corporation organized and existing under the laws of ___________ (State) having its principal place of
business at ______________________________________ (Address) here referred to as principal, and
____________________________ (Agent), of
___________________________________________________________ (Address) here referred to as
salesperson.
The principal and salesperson agree to the following:
PART I.
APPOINTMENT OF SALESPERSON
The principal hereby appoints salesperson as an exclusive agent within the territory described. This
appointment follows the terms and conditions set forth in this agreement, for the solicitation and
acceptance of orders for the described products.
PART II.
EXCLUSIVE SALES TERRITORY
The exclusive sales territory of this agreement is _____________________ (Describe Territory).
PART III.
SALESPERSONS RIGHT TO SOLICIT AND TAKE ORDERS
Salesperson shall have the exclusive right to solicit and take orders in the territory for all
_______________________________________________________ (Products).
PART IV.
PRICES AND TERMS OF ORDERS; CONFIRMATION
Salesperson shall solicit and take orders, within the territory, for products at the prices specified by
principal.
All orders solicited and taken by salesperson shall be subject to acceptance and confirmation in writing
by an authorized representative of principal.
PART V.
COMMISSIONS ON SALES
Unless otherwise stated, principal will pay commission on all uncancelled customer orders received from
territory, amounts equal to percent of the net selling price of products that are sold within the territory by
salesperson. Commissions will also take into account and be calculated as follows:
___________________________________ (include any factors affecting commission such as: payment
schedule, outside territory sales and refunds)
PART VI.
DEVOTION OF TIME AND SKILL
The salesperson agrees to use their best efforts to promote the sale and use of the products within the
territory. The salesperson shall respect the policy that regards the sale of products.
The parties expressly agree that salesperson shall not become interested in the sale of any product that
competes with the products of this agreement, or that would conflict with the best interests of principal.
PART VII.
ARBITRATION
Any and all claims and disputes to this agreement will be subject to arbitration. The arbitration will be in
accordance with the Arbitration Rules of the American Arbitration Association for
_____________________ (Principals Industry). Written notice of arbitration shall be filed with the other
party and with the American Arbitration Association, within _________ (Days).
PART VIII.
SALESPERSONS LIABILITY INSURANCE
As a condition to the appointment of a salesperson under this agreement, the salesperson agrees to
maintain a public liability insurance policy with minimum limits of ________________ ($_____) with
an insurance carrier licensed to do business in _______________ (State). Proof of salespersons
procurement of insurance is required no later than __________ days from the execution of this
agreement.
PART IX.
GOVERNING LAW
This agreement and any disputes relating to it are governed by the laws of the state of
________________ (State)
PART X.
TERMS OF AGREEMENT EXCLUSIVE
This is the agreement between the parties. The parties understand and agree that neither of them has
made any representation with respect to the subject matter of the agreement except those specifically set
forth.
In witness whereof, the parties have executed this agreement at ___________________ (Place of
Execution) on __________________ (Date)
_________________________
Signature
_________________________
Signature
_____________________
Date
_____________________
Date