Attorneys familiar with the rep business will tell you that you must have a well-written contract and some understanding of your legal rights as a rep agency owner. The objective of this seminar is to provide some basic legal knowledge about the rep business, such as what needs to go into contracts and what happens if a principal decides not to pay commissions.
This webinar will cover the following and will be presented by an attorney:
What clauses should be included in a typical rep/principal agreement?
- The background and rationales for the typical 18 clauses
- The structure of the sample agreement
- Other specific issues, such as:
o Non-compete clauses
o Shared territory development fees
Commission Protection Acts
- What are they?
- Punitive Damages
- Attorney’s fees