The Termination Of Sales Representative Agreement is used when parties wish to formally end their sales representation relationship in England and Wales. It's particularly important where the original agreement falls under the Commercial Agents (Council Directive) Regulations 1993, which provides specific rights and protections for commercial agents. This document ensures proper handling of final commissions, compensation claims, customer transitions, and ongoing obligations, while protecting both parties' interests during and after the termination process.
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1. Parties: Identification and details of the contracting parties
2. Background: Context of the original agreement and reason for termination
3. Definitions: Key terms used in the termination agreement
4. Termination Date: Specific date when the agreement will terminate
5. Final Payments: Details of any final commission, compensation, or indemnity payments
6. Return of Property: Provisions for returning company assets and materials
7. Confidentiality: Ongoing confidentiality obligations
1. Transition Period: Terms governing handover period if there's a need for gradual transfer of responsibilities
2. Non-Compete Provisions: Post-termination competitive restrictions when protecting business interests from immediate competition
3. Mutual Release: Mutual waiver of claims when seeking clean break between parties
1. Schedule of Outstanding Commissions: Detailed list of pending commissions and payment schedule
2. Customer Transfer Schedule: List of customers and transfer arrangements
3. Company Property Inventory: List of company assets to be returned
4. Final Settlement Calculation: Detailed breakdown of final payment amounts
Relevant legal definitions
Agreement
Original Agreement
Business Day
Commencement Date
Commission
Confidential Information
Customer
Effective Date
Final Commission Payment
Intellectual Property Rights
Notice Period
Outstanding Commissions
Principal
Products
Representative
Sales Territory
Settlement Sum
Termination Date
Transition Period
Company Property
Group Company
Indemnity Payment
Compensation Payment
Restricted Business
Restricted Period
Trade Secrets
Original Agreement
Business Day
Commencement Date
Commission
Confidential Information
Customer
Effective Date
Final Commission Payment
Intellectual Property Rights
Notice Period
Outstanding Commissions
Principal
Products
Representative
Sales Territory
Settlement Sum
Termination Date
Transition Period
Company Property
Group Company
Indemnity Payment
Compensation Payment
Restricted Business
Restricted Period
Trade Secrets
Clauses
Termination
Final Commission Payments
Compensation and Indemnity
Return of Property
Confidentiality
Non-Competition
Non-Solicitation
Mutual Release
Customer Transfer
Outstanding Obligations
Post-Termination Restrictions
Intellectual Property Rights
Data Protection
Transition Arrangements
Final Accounts Settlement
Warranties and Representations
Survival of Terms
Governing Law
Jurisdiction
Entire Agreement
Waiver
Severability
Third Party Rights
Notices
Force Majeure
Assignment
Further Assurance
Costs
Final Commission Payments
Compensation and Indemnity
Return of Property
Confidentiality
Non-Competition
Non-Solicitation
Mutual Release
Customer Transfer
Outstanding Obligations
Post-Termination Restrictions
Intellectual Property Rights
Data Protection
Transition Arrangements
Final Accounts Settlement
Warranties and Representations
Survival of Terms
Governing Law
Jurisdiction
Entire Agreement
Waiver
Severability
Third Party Rights
Notices
Force Majeure
Assignment
Further Assurance
Costs
Relevant Industries
Relevant Teams
Relevant Roles
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