If you are working in a field where the company relies on selling long term contracts, have you seen no cause termination language where your commissions are cut off on the termination date as opposed to paying out the full commission value from the contracts you sold? If yes, how does that make you feel?
I was sent a contract agreement to review for a 90 day consulting project, with a clear mutual no cause termination clause which would sever the relationship immediately.
The company is a contract sales company built by sales experts that basically does outsourced biz dev work. They go after long term client contracts, with a preference for 12 month contracts at a range of $3-5k PM.
I was absolutely floored (and pretty pissed off) that a little further into the contract, there is another clause that states commissions will only be paid on the paid portion of the contract prior to the termination date (which is again, set up as we can terminate for any reason or no reason at all).
So let's say I sell 6 annual contracts averaging $4k PM (my commish is 10%) for $288k total value, and instead of me rightfully earning the $28.8k through my sales efforts, they decide to shaft me and not renew the contract and basically keep $20k that rightfully belongs to me.
Does anyone else find this highly egregious, or is it just me?