¶¶Òõ¶ÌÊÓƵ

The Independent Sales Representative Agreement is essential for businesses operating in Nigeria that wish to expand their sales reach through independent contractors rather than employees. This document is particularly relevant when companies need to establish a sales presence in new territories without the overhead of direct employment. It complies with Nigerian commercial law and clearly distinguishes the independent contractor relationship from employment, protecting both parties' interests. The agreement covers crucial aspects such as commission structures, sales territories, performance expectations, confidentiality, and intellectual property protection, while ensuring compliance with Nigerian tax and business regulations. It's commonly used by companies entering new markets, launching new products, or restructuring their sales operations to be more flexible and cost-effective.

1. Parties: Identifies the company and the independent sales representative, including full legal names and addresses

2. Background: Explains the context of the agreement, the company's business, and its desire to engage an independent sales representative

3. Definitions: Defines key terms used throughout the agreement including 'Products', 'Territory', 'Customers', 'Commission', etc.

4. Appointment and Scope: Details the appointment of the representative, their territory, and products they will represent

5. Independent Contractor Status: Clearly establishes the representative's status as an independent contractor, not an employee

6. Rights and Obligations of Representative: Outlines the representative's duties, responsibilities, and performance standards

7. Company's Rights and Obligations: Details the company's commitments, support, and obligations to the representative

8. Commission and Payment Terms: Specifies commission rates, calculation methods, payment schedules, and reporting requirements

9. Term and Termination: Defines the agreement duration and circumstances under which either party may terminate

10. Confidentiality: Protects company's confidential information and trade secrets

11. Non-Competition and Non-Solicitation: Restricts representative's ability to compete or solicit customers during and after the agreement

12. Intellectual Property: Addresses ownership and usage of trademarks, logos, and other IP

13. Indemnification: Details mutual indemnification obligations

14. General Provisions: Includes standard clauses like governing law, notices, amendment procedures, and force majeure