Commission Agreement
/kəˈmɪʃən əˈɡriːmənt/
Definitions
- (n.) A contract whereby one party authorizes another to act as agent to sell goods or services for a commission.
The parties entered into a commission agreement to sell the manufacturer’s products on a commission basis.
- (n.) An agreement outlining terms and conditions under which commissions are calculated and paid to agents or brokers.
The commission agreement specified a 5% fee on all transactions completed by the broker.
Forms
- commission agreement
- commission agreements
Related terms
See also
Commentary
Often used to clarify roles and payment methods in sales representation; precise terms are essential to avoid disputes over compensation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.