Agency Agreements
What?
An agent is a person authorised to act on behalf of another (called the ‘principal’) to create a legal relationship with a third party. Commercial agents enjoy substantial legal protections which are unlike those given to employees. These are set out in the Commercial Agents (Council Directive) Regulations, which were introduced in 1993 to bring the law of agency in the UK into line with other EU member states.
Why is it important?
An agreement may be needed for situations where a business opts to use a commercial agent to sell its products. The agent can be appointed on an exclusive or non-exclusive basis and an agreement should cover the products to be sold, commission rates, sales targets (where appropriate), compensation on termination etc.
How will Claric Legal help
Claric can draft an agreement tailored to your needs ensuring that it is compliant with the Commercial Agents Regulations. Claric has experience of dealing with international agents and those in the UK. Prices start from £500.
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