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I am going over a non compete agreement in a contract for my services with a IMG to be the speaker/ presenter for seminars. (1099)
The "boilerplate" agreement/ contract is to restrictive in its language and they understand that 2 yrs that limits me from competing in basically everything, is to restrictive.
Here is the deal... they put up all front money for attracting the attendees to the seminars.. aprox. 5k /cycle, and a cycle being 2 seminars in a week at good restaurant and all out of pocket expenses for ads mailings and all training .. basically the Group pays for everything including my office support from.. getting attendees there to after the sale support. Is 50/50 fair commissions after we release the out of town trainer who will receive one third to hold our hand and do the first presentations and closings.
My role will be as the presenter at seminar, fact finder, I will be presenter of the best solution for needs and then closer. I have been doing about 30 Medicare seminars in aep/ oep for 4 yrs. I have to transition to a more stable line of business.
The groups stated goal is to protect the their investment in me for the training and my replacement costs. Should we part ways. there is no time limit
Other thoughts are appreciated. Some of mine to included in the amendment to this agreement are... commissions are divided and paid from the insurance companies where we place the business per the application...I will not be constrained nor do I split Commissions I develop and place from my marketing an additions and referrals from existing clients. I want this "gig" and projections are promising with this system, as almost all are.
I know I have left out a lot of things ... do any have comments or suggestions. Yeah I hear ya...."get a lawyer"..... who knows nothing about this business.
Thanks in advance. I know this forum has a lot of good advise.
The "boilerplate" agreement/ contract is to restrictive in its language and they understand that 2 yrs that limits me from competing in basically everything, is to restrictive.
Here is the deal... they put up all front money for attracting the attendees to the seminars.. aprox. 5k /cycle, and a cycle being 2 seminars in a week at good restaurant and all out of pocket expenses for ads mailings and all training .. basically the Group pays for everything including my office support from.. getting attendees there to after the sale support. Is 50/50 fair commissions after we release the out of town trainer who will receive one third to hold our hand and do the first presentations and closings.
My role will be as the presenter at seminar, fact finder, I will be presenter of the best solution for needs and then closer. I have been doing about 30 Medicare seminars in aep/ oep for 4 yrs. I have to transition to a more stable line of business.
The groups stated goal is to protect the their investment in me for the training and my replacement costs. Should we part ways. there is no time limit
Other thoughts are appreciated. Some of mine to included in the amendment to this agreement are... commissions are divided and paid from the insurance companies where we place the business per the application...I will not be constrained nor do I split Commissions I develop and place from my marketing an additions and referrals from existing clients. I want this "gig" and projections are promising with this system, as almost all are.
I know I have left out a lot of things ... do any have comments or suggestions. Yeah I hear ya...."get a lawyer"..... who knows nothing about this business.
Thanks in advance. I know this forum has a lot of good advise.