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1. Parties: Identification of the principal company and the sales representative, including full legal names and addresses
2. Background: Reference to the original Sales Representative Agreement, its date, and brief context of the business relationship
3. Definitions: Key terms used in the termination agreement, including references to defined terms from the original agreement
4. Termination Date: Clear specification of when the Sales Representative Agreement will terminate
5. Basis for Termination: Statement of the grounds for termination, whether mutual agreement or under specific provisions of the original agreement
6. Outstanding Obligations: Details of any remaining duties or obligations of either party up to the termination date
7. Final Commission Payments: Provisions for calculation and payment of final commissions, including treatment of pending sales
8. Return of Property: Requirements for return of company property, materials, and documents
9. Confidentiality: Ongoing obligations regarding confidential information post-termination
10. Non-Compete and Non-Solicitation: Confirmation of any continuing restrictions on competition and customer solicitation
11. Release and Waiver: Mutual release of claims related to the Sales Representative Agreement
12. Governing Law: Confirmation that Nigerian law governs the termination agreement
13. Signatures: Execution blocks for all parties
1. Inventory Handling: Required if the sales representative holds any company inventory that needs to be returned or disposed of
2. Customer Transition: Needed when specific procedures for transitioning customer relationships are required
3. International Provisions: Required if the agreement involves international sales or cross-border elements
4. Tax Provisions: Necessary when specific tax implications need to be addressed
5. Dispute Resolution: Optional detailed procedures for handling any disputes arising from the termination
6. Survival Clause: Detailed listing of which provisions survive termination, if different from standard terms
7. Training and Support Transition: Required if there are ongoing training or support obligations that need to be addressed
8. Insurance: Needed when specific insurance obligations continue post-termination
1. Schedule A - Outstanding Commissions: Detailed list of pending commissions and payment calculations
2. Schedule B - Company Property: Inventory of all company property to be returned
3. Schedule C - Customer List: List of customers and pending transactions affected by the termination
4. Schedule D - Transition Timeline: Detailed timeline for completing all termination obligations
5. Appendix 1 - Original Agreement: Copy of the original Sales Representative Agreement
6. Appendix 2 - Final Account Statement: Statement of all financial matters between the parties
Manufacturing
Consumer Goods
Industrial Products
Technology and Software
Pharmaceuticals
Automotive
Construction Materials
Agricultural Products
Telecommunications
Medical Equipment
Financial Services
Energy and Utilities
Legal
Sales
Finance
Compliance
Business Development
Operations
Commercial
Corporate Secretariat
Risk Management
Human Resources
Sales Director
Commercial Director
Legal Counsel
Chief Executive Officer
Managing Director
Sales Operations Manager
Business Development Manager
Contract Manager
Compliance Officer
Chief Financial Officer
Sales Representative
Regional Sales Manager
Company Secretary
General Counsel
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