A legal agreement entered into between a Business and an Agent authorized to sell/distribute the product of a business on its behalf is called as Direct Selling Agent Agreement. It describes the details of areas such as limitation of liability, territory, intellectual property usage, commission, return policy, etc.in writing the terms of agreement between the business and the agent
Usage of Direct Selling Agent Agreement :
It can be used by any business wishing to appoint Direct Selling Agents on its behalf. It is frequently used by many of the leading banks of our country, who outsource this sales operation either to individuals or to other institutions specialized in this task.
Execution of Direct Selling Agent Agreement :
This agreement must be printed on a Non-Judicial Stamp Paper with a value of Rs.20/- or more. The Direct Selling Agreement is made in two copies and the agent and the company each retain one original copy of the agreement for their records.
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