| Sales Agency |

By definition, a sales agent is an independent businessperson engaged either to solicit business on a continuing basis for a principal or to represent a principal in concluding sales contracts.

The sales agent's authority may be limited to the mere solicitation of business or may extend to act in the name of, and with the power to bind, a principal. Generally, the sales agent will only negotiate transactions to the point where they can be closed by the principal. As compensation for these services, the sales agent is entitled to a commission with respect to all sales concluded as a result of this activity during the term of the agency agreement. This agency agreement may be defined for a fixed or indefinite period.

» zurück