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Sales Broker Agreement
1. Parties: Identification of the principal and the broker, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, brief description of the principal's business and the purpose of engaging a broker
3. Definitions: Definitions of key terms used throughout the agreement, including 'Products', 'Territory', 'Customers', 'Commission', etc.
4. Appointment and Scope: Terms of the broker's appointment, including territory, products covered, and nature of the relationship
5. Broker's Rights and Obligations: Detailed description of the broker's duties, responsibilities, and authorized activities
6. Principal's Rights and Obligations: Principal's commitments, including provision of information, marketing materials, and support
7. Commission Structure: Detailed explanation of commission calculations, payment terms, and conditions for commission eligibility
8. Reporting and Payment Terms: Requirements for activity reporting, commission statements, and payment procedures
9. Intellectual Property: Protection and usage rights of trademarks, logos, and other IP during the agreement
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Data Protection: GDPR compliance requirements and data processing obligations
12. Term and Termination: Duration of the agreement, renewal terms, and termination provisions
13. Post-Termination: Obligations and rights after termination, including commission on pending deals
14. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution
1. Exclusivity: Terms regarding exclusive rights in the territory, used when granting exclusive broker status
2. Performance Targets: Specific sales targets or KPIs, included when minimum performance requirements are needed
3. Training and Support: Details of training and support provided by the principal, included for complex products or services
4. Sub-Brokers: Rights and conditions for appointing sub-brokers, used when sub-broker arrangements are permitted
5. Insurance: Specific insurance requirements, included when broker must maintain particular coverage
6. Non-Competition: Post-termination competition restrictions, included when protecting market position is crucial
7. Marketing Requirements: Specific marketing obligations and standards, included when broker has significant marketing responsibilities
8. Compliance Requirements: Industry-specific compliance obligations, included for regulated industries
1. Schedule 1 - Products: Detailed list of products or services covered by the agreement
2. Schedule 2 - Territory: Detailed definition of geographical territory and any excluded areas
3. Schedule 3 - Commission Rates: Detailed commission structure, including any variations by product or customer type
4. Schedule 4 - Reporting Templates: Standard forms for activity reporting and commission calculations
5. Schedule 5 - Performance Metrics: Detailed KPIs and measurement methodologies
6. Schedule 6 - Approved Marketing Materials: List of approved marketing materials and usage guidelines
7. Schedule 7 - Data Processing Requirements: Detailed GDPR compliance requirements and procedures
8. Schedule 8 - Contact Details: Key contact information for both parties
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