Wyoming - Apply for Distribution Agreements for Commissions

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Procedure

Apply In Person

1. To Apply for Distribution Agreements for Commissions, the applicant has to approach the U.S. Securities and Exchange Commission, Division of Trading and Markets link
2. The applicant has to write a letter for the agreement.
3. Also, attach the necessary documents which are mentioned in the “Required Documents” section of this page.
4. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
5. Submit all the necessary documents along with the completed form to the Trading and Markets department office.
6. The fee for this procedure has to be paid as per the authority’s request. (If required)
7. After receiving the document, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
8. Once the verification process gets completed, the officer will contact the applicant for the meeting.
9. The applicant has to visit the office to complete the further process.
10. The processing time for this procedure takes up to 4 to 6 weeks.

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Required Documents

• A detailed list of the distribution product
• Business License
• Distribution agreement
• Written letter

Office Locations & Contacts

U.S. Securities and Exchange Commission
Division of Trading and Markets
Haoxiang Zhu, Director (202) 551-5500
Director's Office - 202-551-5500
Contact link AND link
Regional Office link

Eligibility

• Any distributor who intends to Apply for Distribution Agreements for Commissions is eligible to make this application.

Fees

• The fee for this procedure has to be paid as per the authority’s request. (if required)

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time for this procedure takes up to 4 to 6 weeks.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.

Required Information

• Names and addresses of both parties
• Sale terms and conditions
• Contract effective dates
• Marketing and intellectual property rights
• Defects and returns provisions
• Severance terms
• Returned goods credits and costs
• Exclusivity from competing products
• Ownership of product provisions

Need for the Document

• Distribution agreements for commissions define a distributor’s compensation for meeting or exceeding manufacturer sales goals. Commissions will vary according to the particulars and value of products sold. These types of agreements provide an excellent way to encourage growth and sales while rewarding channel partners commensurately for their efforts.

Information which might help

Provisions contained in commission distribution agreements include:

• Provision 1. Sales goals that trigger commissions
• Provision 2. Details on commission tiers
• Provision 3. How to facilitate payouts
• Provision 4. Percentage of commissions
• Provision 5. Agreement termination requirements
• Provision 6. Handling disputes and disagreements
• Provision 7. Guarantees and warranties

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

• A distribution agreement is a legally binding agreement between an entity that supplies goods and one that distributes goods.
• The supplier in this case can be either a manufacturer or another distributor that is reselling another supplier's goods.
• The distributor is a company that plans to market and sell the products, whether to the public or other companies.