COMMISSION SPLIT AGREEMENT
This Commission Split Agreement ("Agreement") is made and effective this [Date],
BETWEEN: [COMMISSION AGENT NAME] (the "Agent"), an individual with his main address at:
[COMPLETE ADDRESS]
AND: [PRINCIPAL NAME] (the "Principal"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
Whereas the Principal wishes to market the product(s) described in Schedule A (the "Product(s)");
whereas Agent is prepared to sell the Product(s) on behalf of the Principal in return for a split
commission;
It is agreed as follows:
The Principal shall fix the selling price(s) of the Product(s) and the Agent may only sell the Product(s)
at the selling price(s) fixed by the Principal.
At the request of the Agent, the Principal shall train the Agent in the proper use of the Product(s).
For the duration of the Selling Rights, the Principal shall furnish the Agent, at the Principal's cost, with reasonable quantities of advertising and user information materials, including demonstration Product(s), to aid the Agent in selling the Product(s).
The Agent shall not do or permit anything to be done to prejudice the market image of the Product(s)
or the Principal.
The Agent shall not sell, or in any way assist anyone else to sell, any products that compete with the
Product(s) of the Principal within the territory described in Schedule B for the duration of the Selling
Rights and for the calendar year immediately following termination of the Selling Rights.
The Agent shall keep the Principal's business secrets, including but not limited to customer, supplier,
logistical, financial, research and development information, confidential and shall not disclose them
to any third party during and after termination of the Selling Rights.
If the Agent breaks any term of this agreement, the Principal may summarily terminate the Selling Rights on notice in writing to the Agent.
On termination of the Selling Rights for any reason, the Agent shall immediately cease to describe
himself as an authorized sales agent of the Principal and cease selling the Product(s).
The Agent shall not assign the benefit of this agreement or subcontract his obligations under this
agreement without the consent in writing of the Principal, which consent may be withheld without
good reason.
The Agent accepts and acknowledges that the terms of this agreement are in addition to and do
not detract from the ordinary fiduciary duties owed by the Agent to the Principal.
The Parties each hereby execute this Agreement as of [Date].
PRINCIPAL AGENT
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title