Common use of Agent Relationship Clause in Contracts

Agent Relationship. The Principal engages the Agent solely for the purpose of selling the product(s) listed in Section 1. The Agent may only enter into contracts and/or agreements on behalf of the Principal as it relates to the sale of said product(s). The Agent may not otherwise commit the Principal to any other obligations whatsoever without separate authorization from the Principal. Non-Compete. The Agent will not sell a competing product for any competitor in the Sales Territory during the Term of this Agreement or for years after the termination of this Agreement. Confidentiality. During the course of this Agreement, it may be necessary for the Principal to share proprietary information, including trade secrets, industry knowledge, and other confidential information, to the Agent in order for the Agent to successfully sell the Product. The Agent will not share any of this proprietary information at any time. The Agent also will not use any of this proprietary information for the Agent’s personal benefit at any time. This section remains in full force and effect even after termination of the Agreement by it’s natural termination or the early termination by either party. Termination. This Agreement may be terminated at any time by either Party upon written notice to the other party. The Principal will be responsible for payment of all Commissions earned up to the date of termination. Upon termination, the Agent shall return all the Principal’s content, materials, and associated work product, if applicable, to the Principal at its earliest convenience, but in no event beyond thirty (30) days after the date of termination. Representations and Warranties. Both Parties represent that they are fully authorized to enter into this Agreement. The performance and obligations of either Party will not violate or infringe upon the rights of any third-party or violate any other agreement between the Parties, individually, and any other person, organization, or business or any law or governmental regulation. Severability. In the event any provision of this Agreement is deemed invalid or unenforceable, in whole or in part, that part shall be severed from the remainder of the Agreement and all other provisions should continue in full force and effect as valid and enforceable. Waiver. The failure by either Party to exercise any right, power, or privilege under the terms of this Agreement will not be construed as a waiver of any subsequent or future exercise of that right, power, or privilege or the exercise of any other right, power, or privilege. Legal Fees. In the event of a dispute resulting in legal action, the successful Party will be entitled to its legal fees, including, but not limited to its attorneys’ fees. Legal and Binding Agreement. This Agreement is legal and binding between the Parties as stated above. This Agreement may be entered into and is legal and binding both in the United States and throughout Europe. The Parties each represent that they have the authority to enter into this Agreement. Governing