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A Commission Agreement is used when an individual or business, usually a salesperson, will sell for, or introduce clients to, a third party. They will then receive a commission for the sale or introduction.
Generating some sales by way of commission is a great way to earn some extra cash, but you want to make sure that your rights are protected and that your revenue streams are secured. This is why you need a contract to formalise this agreement.
Why Do I Need A Commission Agreement?
Whether you are utilising an individual or business to sell your product or services, or you are the seller, having a Commission Agreement in place will provide certainty in terms of how commissions are calculated, and set out parties rights and obligations.
What Is Included?
In a Commission Agreement, clauses are typically included to address the following:
- Parties rights
- Parties obligations
- Calculation of commission
- Audit rights to ensure commissions are appropriately paid
- Termination
- Dispute resolution
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Contact our friendly team at [email protected] to find out if a Commission Agreement is right for you.
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