Sales agreement from an overseas company
Post 1 of 5
I am dealing with a company from Turkey who has given me a sales rep agreement to sign. I will take it to an International lawyer for review. But even if the agreement is legitimate, there is no way to make sure the company pays my commission. Do you have any suggestions to protect myself?
Thank you
Jeff
Thank you
Jeff
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18 Feb 2007 22:30
Post 2 of 5
Replying to [silverjeffsilver]:
For little starters:
1. Make yourself so valuable in sales that the Turkish company can't do without you.
2. Insert a contract condition to the effect that, in the event of default on the part of the Turkish company, you are at liberty to immediately obtain and sell competitor's products to your past sales customers (such at least may cause your principal to think twice before failing to pay your commission).
3. Consider a further condition which allows you, at your discretion, to get the USA buyers to sign simple little non-circumvention agreements direct with you. Or, at least talk with your lawyer about how to somehow bind USA customers to your side of the bargain. A USA party would be less likely to default than a foreign party.
There is much legal machinery you can incorporate but, considering the high cost of litigation, a contract is no better than the true intent of the parties.
![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
For little starters:
1. Make yourself so valuable in sales that the Turkish company can't do without you.
2. Insert a contract condition to the effect that, in the event of default on the part of the Turkish company, you are at liberty to immediately obtain and sell competitor's products to your past sales customers (such at least may cause your principal to think twice before failing to pay your commission).
3. Consider a further condition which allows you, at your discretion, to get the USA buyers to sign simple little non-circumvention agreements direct with you. Or, at least talk with your lawyer about how to somehow bind USA customers to your side of the bargain. A USA party would be less likely to default than a foreign party.
There is much legal machinery you can incorporate but, considering the high cost of litigation, a contract is no better than the true intent of the parties.
19 Feb 2007 01:33
Post 3 of 5
Thank you for your input. We have a client in Africa who is looking for a product that a Turkish company can provide. I am acting as the middleman on this deal and ultimately will have to rely on the good faith of the Turkish company. We will also be getting a comission from Africa and that can be trusted.
I have an opportunity to provide products to an African country and our connections are very solid.
I don't know if you can source products, but there is a possibility that we will need more products in the future and I am trying to establish new sources.
Maybe we can talk.
Regards,
Jeff Silverman
I have an opportunity to provide products to an African country and our connections are very solid.
I don't know if you can source products, but there is a possibility that we will need more products in the future and I am trying to establish new sources.
Maybe we can talk.
Regards,
Jeff Silverman
20 Feb 2007 09:40
Post 4 of 5
Replying to [silverjeffsilver]:I n the first place i will not sign the agreement if it does not cover my interest first of all i will askthem to pay for my interest after salling more than 50% of what ever they give me to sale.i think by doing this your interest will be covered.
Thank you.
Thank you.
20 Feb 2007 13:38
Post 5 of 5
Replying to [silverjeffsilver]:
To sign such a contract is necessary from a long run point of view. Suggest you take it to your lawyer for review of it.
To sign such a contract is necessary from a long run point of view. Suggest you take it to your lawyer for review of it.
20 Feb 2007 17:03
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