backinthebiz
New Member
- 12
I have an opportunity to contract with an agency that sets Medicare Advantage plan appointments for you, at least 3 a day. It sounds pretty good with nice commissions.
My concern is that their agency contract has some odd wording about not soliciting their own agents or employees to leave the agency or soliciting their clients to discontinue their business with the agency.
Now this is all fine, I have no intent to steal agents/employees or clients. But the contract says you will acknowledge that soliciting an agent or employee to leave the agency can cause damages of $250,000 and soliciting a client to discontinue business with the agency can cause damages of $1,000. Does this mean the agency has the right to fine me $250,000 or $1,000 if I'm accused of stealing agents/employees or clients? That sounds strange to me.
Does anyone have experience with legal rights regarding agency/agent contracts?
Thanks!
My concern is that their agency contract has some odd wording about not soliciting their own agents or employees to leave the agency or soliciting their clients to discontinue their business with the agency.
Now this is all fine, I have no intent to steal agents/employees or clients. But the contract says you will acknowledge that soliciting an agent or employee to leave the agency can cause damages of $250,000 and soliciting a client to discontinue business with the agency can cause damages of $1,000. Does this mean the agency has the right to fine me $250,000 or $1,000 if I'm accused of stealing agents/employees or clients? That sounds strange to me.
Does anyone have experience with legal rights regarding agency/agent contracts?
Thanks!