Independent Contractor (1099) Sales Agreement
PARTIES
This Agreement is entered into by and between theBUBFactor LLC ("Company") and the undersigned Independent Sales Representative ("Contractor").
1. RELATIONSHIP OF PARTIES
Independent Contractor Status: Contractor is engaged as a 1099 Independent Contractor. Nothing in this Agreement shall create an employer-employee relationship.
Remote Work & Autonomy: Contractor shall work completely remotely, set their own hours, utilize their own equipment (phone, computer, internet), and retain full control over the method and manner of performing sales outreach.
2. COMMISSION & FEES
Upfront Bounty: Company shall pay Contractor an upfront commission equal to 100% of the first month's subscription payment successfully collected from any new business account onboarded directly via Contractor's unique tracking link/promo code.
Monthly Recurring Commission: For every subsequent consecutive month that the onboarded business customer maintains an active, paid subscription, Contractor shall earn a recurring commission of 20% of the monthly subscription fee.
3. LIFETIME COMMISSION & VESTING (ACTIVITY RULE)
Account Assignment: An onboarded customer is assigned to Contractor for the lifetime of that customer's account, subject to the following Vesting Rules.
Active Status Requirement: To maintain full commission rights, Contractor must remain an active ambassador for the platform, defined as onboarding a minimum of two (2) new paid active accounts per calendar month.
The 24-Month Vesting Cliff: If Contractor maintains Active Status continuously for twenty-four (24) months, their account base becomes 100% Vested. Upon vesting, Contractor shall continue to receive 50% of their recurring commission rate (10% net recurring fee) for the active lifetime of those accounts, even if Contractor ceases active sales operations for the company.
Forfeiture: If Contractor terminates their relationship or goes inactive prior to the 24-month vesting cliff, unvested accounts revert entirely to the Company pool for account management redistribution.
4. TERMINATION
Either party may terminate this Agreement at any time, with or without cause, upon written notice.
⚠️ Strict Security Policy
Representatives are strictly prohibited from collecting, handling, or asking for a customer's credit card or payment information over the phone, text, or email. You must walk the customer through the self-checkout onboarding portal on your tracking page.