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Commission Only Contract
"I need a Commission Only Contract for a real estate sales agent who will be operating exclusively in the Greater Toronto Area, with a graduated commission structure starting February 1, 2025, and including specific territory mapping and customer referral bonus provisions."
1. Parties: Identification of the employer and commission-based worker, including full legal names and addresses
2. Background: Context of the agreement and nature of the commission-based relationship
3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Sales', 'Gross Revenue', etc.
4. Engagement: Terms of engagement and confirmation of commission-only status
5. Commission Structure: Detailed explanation of commission rates, calculation methods, and qualifying sales
6. Payment Terms: Timing and method of commission payments, including any holdbacks or adjustments
7. Duties and Responsibilities: Specific duties, sales targets, and performance expectations
8. Term and Termination: Duration of the agreement and conditions for termination
9. Confidentiality: Protection of confidential information and trade secrets
10. Non-Solicitation: Restrictions on soliciting customers or employees
11. Independent Contractor Status: Clear statement of independent contractor relationship if applicable
12. General Provisions: Standard clauses including governing law, entire agreement, and amendments
1. Training and Support: Details of any training or support provided by the company, used when specific training programs exist
2. Expense Reimbursement: Terms for reimbursing business expenses, if applicable
3. Benefits: Any benefits provided despite commission-only status, included if benefits are offered
4. Non-Competition: Restrictions on competing activities, used when protecting market share is crucial
5. Territory Assignment: Definition of geographic or customer territory, used when territories are assigned
6. Intellectual Property: Ownership of IP created during engagement, used when IP creation is possible
7. Insurance Requirements: Required insurance coverage, used when contractor must maintain own insurance
8. Dispute Resolution: Specific procedures for resolving disputes, used when alternative dispute resolution is preferred
1. Schedule A - Commission Rates: Detailed breakdown of commission rates for different products/services
2. Schedule B - Sales Targets: Specific sales targets and any corresponding bonus structures
3. Schedule C - Territory Map: Detailed map or description of assigned sales territory
4. Schedule D - Approved Expenses: List of reimbursable expenses and approval process
5. Schedule E - Reporting Requirements: Templates and requirements for sales reporting
6. Appendix 1 - Sales Process: Step-by-step sales process and compliance requirements
7. Appendix 2 - Commission Calculation Examples: Examples showing how commissions are calculated in various scenarios
Authors
Real Estate
Insurance
Financial Services
Retail
Automotive Sales
Technology Sales
Telecommunications
Manufacturing Sales
Pharmaceutical Sales
Direct Sales
Advertising and Media
Professional Services
Sales
Business Development
Revenue
Account Management
Channel Partners
Direct Sales
Field Sales
Inside Sales
Commercial
Retail Sales
Enterprise Sales
Sales Representative
Real Estate Agent
Insurance Broker
Business Development Representative
Sales Executive
Account Executive
Commission Sales Agent
Territory Sales Manager
Independent Sales Representative
Sales Consultant
Financial Advisor
Sales Associate
Business Development Manager
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