Commission/Agency Agreement

The agreement also defines the duration of the contract, the geographical area where the agent can operate, and any performance benchmarks or targets that must be met. Additionally, it may include confidentiality clauses, non-compete clauses, and dispute resolution mechanisms to handle any disagreements that arise. Termination conditions are also outlined, detailing the circumstances under which the agreement can be ended by either party. By clearly defining these terms, a Commission/Agency Agreement helps prevent misunderstandings and ensures a transparent and fair relationship between the principal and the agent, providing legal protection for both sides.