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Blank SALES COMMISSION AGREEMENT

The Sales Commission Agreement outlines the terms between a Grantor/Lot Owner and a Sales Representative/Agent for the sale of a three-hectare parcel of land. The Agent will receive a 5% commission on sales, with obligations for both parties regarding permits, confidentiality, and termination conditions. The agreement emphasizes mutual consent for any changes to payment and responsibilities.

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0% found this document useful (0 votes)
15 views3 pages

Blank SALES COMMISSION AGREEMENT

The Sales Commission Agreement outlines the terms between a Grantor/Lot Owner and a Sales Representative/Agent for the sale of a three-hectare parcel of land. The Agent will receive a 5% commission on sales, with obligations for both parties regarding permits, confidentiality, and termination conditions. The agreement emphasizes mutual consent for any changes to payment and responsibilities.

Uploaded by

Jonah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SALES COMMISSION AGREEMENT

This SALES COMMISSION AGREEMENT (“Agreement”) is being


entered into this ___________, 2024 at __________________ by and between:

__________________, of legal age, Filipino, and a resident of


___________________ (herein referred to as the ‘Grantor/Lot Owner’, which
expression shall, unless it be repugnant to the context or meaning thereof, be
deemed to mean and include its successors, nominees and assigns) of the ONE
PART;

AND

_______________, of legal age, Filipino and a resident of


__________________ (hereinafter referred to as “Sales Representative/Agent” as
the party of the OTHER PART;

Each of them shall be referred to as “Party” and collectively may be known


as “Parties.”

WHEREAS:
1. The Grantor/Lot Owner is the owner of a parcel of lot containing an area
of three (3) hectares situated at ___________________ which was posted
for sale.
2. The Agent is eager and willing to sell that described parcel of land owned
by the Grantor/Lot Owner.
3. The Parties have mutually agreed to define the terms of the payment
whereby the Grantor/Owner shall make payments to the Agent on a
percentage basis upon the fulfillment of the obligations of the
Agreement.
4. NOW THEREFORE in consideration of the promises and the mutual
covenants set forth herein, the Parties hereto, intending to be legally
bound, hereby agree as follows:
SCOPE OF THE WORK:
1. The Agent agrees and acknowledges that he shall be the sales
representative of the Grantor/Lot Owner and shall sell the
Grantor/Lot Owner’s lot for the purpose of this Agreement.
2. The Agent does not warrant the company that any third party will
be involved in this agreement.
OBLIGATIONS OF THE PARTY:
1. The Grantor/lot Owner shall be responsible for obtaining permits,
approvals, and licenses if any which are necessary for the Agent to
make sales.
2. The Grantor/Lot Owner and the Agent shall abide by all applicable
laws and regulations. Support and assistance should be provided
by the Grantor/Lot Owner to the Agent from time to time.
3. The Agent shall not delegate his responsibilities to a third party
without the written consent of the Grantor/Lot Owner

PAYMENT OF SALES COMMISSION:


1. The Grantor/Lot Owner hereby agrees to pay commission to the
Agent in consideration of the facilitation of services to be rendered
under this agreement an outright 5% of the total amount of the sale
or revenue made by him through will be given as commission,
subject to revision from time to time with the mutual consent of
both parties.
2. The mode of payment will be a one-time percentage fee and is
subject to change with the mutual consent of both parties.
3. No other compensation other than the commission shall be paid to
the Agent.

CONFIDENTIALITY:
1. It is hereby agreed that the Agent should maintain confidentiality
concerning this transaction.
2. In the event that the Agent breaks confidentiality, this agreement
shall stand terminated.

TERM AND TERMINATION:


1. Either party shall be entitled to terminate this Agreement in the
event that any action is taken for or with a view:
1. To wind-up of the other or
2. To become insolvent or
3. is unable to pay its debts.

2. The Grantor/Agent shall be entitled to terminate this Agreement


forthwith in the event that:
1. a conflict of interest or potential conflict of interest
arises; or,
2. repeated breach of the provisions of any part of this
Agreement; or
3. engages in any conduct prejudicial to the other party;

3. The party shall be served a notice prior to 15 days of the date on


which his termination will come into effect when he fails to
fulfill this obligation.

IN WITNESS WHEREOF the Parties hereto have executed this Agreement


on the day and year first above written.

Grantor/Lot Owner: Agent/Representative:

___________________ __________________
____________________ ____________________
____________________ ____________________

Signed in the presence of:


__________________________ and ________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


CITY OF _____________________)S.S.

BEFORE me this _________________ in ________________ personally appeared the


parties known to me and to me known to be the same persons who executed the
foregoing instrument consisting of this page only, and they acknowledged that the
same is their free act and voluntary deed.

Witness my hand and seal on the date and place above written.

NOTARY PUBLIC
Doc. No. ______;
Page No. ______;
Book No. ____;
Series of 2025.

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