THE REPRESENTATIVE`S RESPONSIBILITIES. The representative will perform the following tasks against the profit-sharing granted for this purpose: ENTIRE AGREEMENT. This agreement constitutes the full understanding of the parties and replaces all previous written or oral agreements relating to the purpose of this issue. The Company and the Representative intend to enter into an agreement whereby [PARTNER 1] and [PARTNER 2] will share the profits from the sale of the product on the basis of the representative`s efforts, as required. The representative continues to obtain the share of profits from all current sales described in this sub-party, as a direct result of the agent`s efforts; PandaTip: This section aims to regulate the consequences of ending this relationship of interest. This gives the representative the right to continue to receive leftovers (if circumstances require) and to delegate to the representative the responsibility of forwarding any further requests to the company in order to ensure a smooth transition. PandaTip: This is important to get consistency in the message conveyed to the company customer by the representative. PandaTip: There are a few basic tasks listed here that want to add or subtract the business depending on the actual circumstances of the relationship. The company should be assured of consulting a lawyer with respect to duties to ensure that the obligations do not make the representative a de facto employee, which could lead to violations of labour law. THE EFFECT OF THE DISMISSAL.
After termination in accordance with Section 1, the following information will occur: Communicate or share information about the company or product with third parties, including (but without restriction) customer lists, price points or marketing plans (the “confidential information”); CONSIDERING that the company [PRODUIT] (the “product”) has developed and owns all intellectual property rights to the product; PandaTip: This part of the incentive agreement is intended to protect the company from the representative acting illegally or in a prejudicial manner on its behalf. In other words, the representative must cover all costs related to legal actions arising from the misdiagnes of the representative. CONSIDERING that the company wants to recruit the agent to market the product; AND INDEMNIFICATION.