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Termination Of Sales Representative Agreement
"I need a Termination Of Sales Representative Agreement to end our relationship with our Singapore-based medical equipment sales representative, including strict non-compete provisions and a detailed commission settlement structure for outstanding deals that will close by March 2025."
1. Parties: Identification of contracting parties and their details
2. Background: Context of the agreement and reason for termination
3. Definitions: Key terms used tHRoughout the agreement
4. Termination Date: Effective date of termination and notice periods
5. Final Payments: Settlement of outstanding commissions and payments
6. Return of Property: Process for returning company property and materials
7. Confidentiality Obligations: Ongoing confidentiality requirements post-termination
1. Transition Period: Terms for handover period when there's a need for smooth transition of accounts
2. Non-Compete Provisions: Restrictions on future competitive activities when protecting market share is crucial
3. Dispute Resolution: Specific procedures for resolving disputes when parties want to specify alternative dispute resolution methods
4. Customer Communication: Terms for notifying customers about the termination when managing customer relationships is crucial
1. Schedule of Outstanding Commissions: List of pending commissions and payment schedule
2. Company Property Inventory: List of items to be returned to the company
3. Customer Account List: List of customers managed by the representative
4. Termination Calculation Sheet: Detailed breakdown of final payments and deductions
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