Today we have another “Telecom Attorney Tip” from Ben Bronston of telecomlawyer.net. We hope to have a new tip every couple of weeks to help our agents out. If you have a specific question for Ben email me at rob@channelupdate.com
“The answer is you shouldn’t if you don’t have to. If you have signed an agent agreement with a carrier, the chances are you are going to invest a large amount of intellectual capital (and possibly financial capital) into the relationship. A termination for convenience clause permits the carrier to terminate for any reason or no reason at all, thereby making your investment worthless. If you are unsuccessful in getting the carrier to delete the clause, then it should at least be reciprocal (i.e. you should have the right to terminate for convenience also). In any event, commissions should continue to be paid on an evergreen basis in perpetuity after termination for convenience.”
- Ben
You can see Ben’s site here – Rob
Image Credit - Judge using his gavel IXQUICK Flickr
