Sole Selling Agreement

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Sole selling agreement 

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What is a Sole Selling Agreement?

A Sole Selling Agreement is a legal contract between a property owner or business and an agent, granting the agent exclusive rights to sell, market, or manage the sale of a property or product. During the term of the agreement, no other agent or individual is allowed to sell on behalf of the owner.

This type of agreement is commonly used in real estate and business sales to ensure focused efforts and accountability from the selling agent. It clearly defines the commission, duration, obligations, and termination clauses, protecting the interests of both the owner and the agent.

Who Can Enter into a Sole Selling Agreement?

A Sole Selling Agreement can be entered into by any individual, company, builder, or property developer who wishes to appoint a single authorized agent to handle sales. It is also suitable for agencies, brokers, or marketing firms seeking exclusive rights to sell a product or property. Both parties must be legally capable of entering into a contract and must mutually agree to the terms outlined in the agreement.

Make Your Selling Rights Official with a Legal Agreement

When is a Sole Selling Agreement Needed?

A Sole Selling Agreement is needed when a property owner, builder, or business wants to appoint one agent or agency to handle all sales-related activities exclusively. It is most useful in real estate projects, product launches, or business deals where having a single authorized seller ensures consistency, better negotiation, and clear accountability between the parties involved.

Why Ebizfiling for Sole Selling Agreement Drafting?

Ebizfiling provides expert assistance in drafting legally compliant Sole Selling Agreements that clearly define rights, duties, and commission terms. Our legal team ensures your agreement is accurate, fair, and ready for execution. Along with agreement drafting, Ebizfiling also offers services such as Business Plan Preparation, Mortgage deed, and Gift Deed. For professional help, contact Ebizfiling at  09643203209 or email info@ebizfiling.com.

Sole Selling Agreement Charges

Choose Your Package

ESSENTIAL

2999/-

(All Inclusive)

 Advantages of a Sole Selling Agreement 

Exclusive Rights

It grants one agent complete authority to manage the sale, ensuring focused effort and better accountability throughout the process.

Clear Responsibilities

The agreement defines the duties and obligations of both parties, helping maintain clarity and smooth coordination at every stage.

Fair Commission

It guarantees that the agent receives the agreed payment after a successful sale, ensuring transparency and mutual satisfaction.

Legal Protection

The document serves as legal proof of the agreed terms, safeguarding the interests of both the owner and the selling agent.

Time Efficiency

It saves time by allowing one authorized agent to handle all selling activities with clear direction and responsibility.

Complete Transparency

The agreement outlines every condition in writing, helping both parties stay informed and confident during the sale.

Dispute Prevention

Clearly written clauses prevent misunderstandings and help avoid potential disputes or legal issues between parties.

Trust Building

It promotes professionalism and builds mutual trust by ensuring both parties work together under defined and fair terms.

Documents Required for Sole Selling Agreement Drafting 

Sole Selling Agreement Documents

  • PAN card and Aadhaar card of both parties

  • Address proof of owner and agent

  • Property ownership or product details

  • Agent or agency registration certificate

  • Agreed terms of sale and commission

  • Photographs of both parties

  • Authorization letter or power of attorney

  • Witness identity proofs

Why is a Sole Selling Agreement Important? 

Future Disputes

It records all terms in writing, reducing chances of misunderstandings or legal conflicts between the parties.

Financial Interests

It secures the agent’s commission and ensures the owner’s property or product is sold under agreed terms.

Clear Responsibilities

The agreement outlines duties, timelines, and obligations of both the owner and the agent for smooth coordination.

Exclusive Rights

It grants one agent or agency exclusive authority to sell the property or product, avoiding competition and confusion.

 Stepwise Process of Sole Selling Agreement Drafting with Ebizfiling 

1

Share Details

2

Consultation & Review

3

Draft Preparation

4

Verification & Approval

5

Delivery & Execution

 What Does Ebizfiling Do for Sole Selling Agreement Drafting? 

  • Understands your business and agreement requirements in detail.

  • Drafts a clear and legally compliant Sole Selling Agreement as per Indian Contract Law.

  • Ensures all important clauses such as exclusivity, commission, and validity are properly included.

  • Reviews the draft with both parties and makes necessary changes before finalization.

  • Provides assistance in stamping and registration if required.

  • Maintains complete accuracy, confidentiality, and compliance during the process.

  • Delivers the final agreement in editable and ready-to-sign format.

  • Offers related services such as business agreement drafting, contract review, and legal documentation support.

FAQ

FAQs on Sole Selling Agreement 

Get answers to all your queries

  • What is a Sole Selling Agreement?

    A Sole Selling Agreement is a legal contract that grants one agent or agency exclusive rights to sell a property or product on behalf of the owner.

  • Is a Sole Selling Agreement legally binding?

    Yes, once signed by both parties, it becomes a legally enforceable document under the Indian Contract Act, 1872.

  • Who can enter into a Sole Selling Agreement?

    Any property owner, builder, developer, or company can enter into this agreement with a licensed agent or agency.

  • What is the purpose of a Sole Selling Agreement?

    Its purpose is to appoint one authorized seller to manage all sale activities and prevent multiple agents from selling the same property.

  • How long does a Sole Selling Agreement remain valid?

    The duration depends on what is agreed between the parties and is usually mentioned clearly in the agreement.

  • Can the owner sell the property directly after signing the agreement?

    No, the owner cannot sell the property through anyone else during the validity of a Sole Selling Agreement.

  • Can a Sole Selling Agreement be terminated before expiry?

    Yes, it can be terminated if either party breaches the terms or with mutual consent as per the termination clause.

  • What details should a Sole Selling Agreement include?

    It should include property details, duration, commission rate, payment terms, and rights of both parties.

  • Is commission mandatory in a Sole Selling Agreement?

    Yes, the agent’s commission must be clearly mentioned in the agreement to avoid future disputes.

  • What happens if the property does not get sold within the agreement period?

    The agreement automatically expires at the end of its term unless both parties decide to renew it.

  • Can a Sole Selling Agreement be renewed?

    Yes, both parties can renew the agreement by mutual consent before the existing term expires.

  • Does a Sole Selling Agreement need to be registered?

    Registration is not mandatory but is highly recommended for legal authenticity and proof of execution.

  • Can there be more than one agent under a Sole Selling Agreement?

    No, only one authorized agent or agency can be appointed during the validity of the agreement.

  • What if the agent fails to sell the property?

    If the agent fails to perform within the agreed period, the owner may terminate or choose not to renew the agreement.

  • Is stamp duty applicable on a Sole Selling Agreement?

    Yes, stamp duty may apply depending on the state laws, and it is generally paid by the party executing the agreement.

  • Can a Sole Selling Agreement include marketing responsibilities?

    Yes, it can specify the agent’s duties like advertising, property listings, and client coordination.

  • What are the benefits of having a Sole Selling Agreement?

    It ensures exclusive rights, better accountability, and a structured selling process with clear legal backing.

  • Can a dispute arise under a Sole Selling Agreement?

    Yes, disputes may occur if either party breaches terms, but they can be resolved through arbitration or legal action.

  • How can Ebizfiling help with a Sole Selling Agreement?

    Ebizfiling assists in drafting, reviewing, and finalizing legally compliant agreements that safeguard both parties’ interests.

  • Why should you choose Ebizfiling for agreement drafting?

    Ebizfiling provides expert legal drafting services with accuracy, compliance, and professional support throughout the process.

Reviews

  • Abhijit Chirde

    Abhijit Chirde

    04 Mar 2024

    Ebizfilling team explained every details and supported in compliance fillings. Mr. Rakesh B has been very helpful in getting things done swiftly and efficiently.

  • Client Review, Ebizfiling

    Hemang Malhotra

    08 Oct 2018

    I was new as an Entrepreneur when I had seen their post on social media. I contacted them regarding proprietorship and realized they their pricing is incomparable in the market also their services are really prompt. Thank you, Ebizfiling.

  • Client review, Ebizfiling

    Jobin Mathew

    19 Nov 2021

    I reached ebizfiling for DSC renewal , Ms anitha KV assisted in renewal it was done on timely and hassle free.

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