It is often desirable to retain a departing business owner for purposes of a smooth business sale or transition. Such agreements are also used as a form of retirement plan, deferred payment plan, or installment sale plan. Quality and quantity of the consultant's time, as well as default provisions, are obviously critical to success of such agreements. This type of agreement, however, can make or break a sale or transfer. Distributorship Agreements .
Many sales based businesses find it effective to retain the services of a distributor.
These agreements involve geographically and administratively remote personnel. This requires provisions on responsibility for expenses, compensation, promotion quantity and quality, conflicts of interest, exclusivity, territory, insurance and termination. Many of your customers will judge you by their first impression of your professionalism. This may be from your job quotation, purchase order or contract forms. These documents can also save or allow loss, depending on how they are drafted.