With the improving economy and manufacturing activity on the rise, many reps and principals are entering agreements for new lines.
Although much effort is invested in developing relationships and securing new business opportunities, in the initial excitement and optimism, far too often important details of the representation are overlooked, which can cause major trouble down the road.
This article addresses three recurring contract situations and identifies some best practices for reps and principals facing those issues.
Best Practice # 1 — Set the Right Term (Length) for the Agreement
A key consideration is the term — or length — of … Read the rest