Exclusive Commercial Agency Agreement

A trade agency agreement may be concluded for a specified period or for an indeterminate period. If the contract of the commercial agency is concluded for a certain period of time, the termination can only take place during that period if such a termination has been agreed in the contract of the commercial agency. If and if a fixed-term trade agency agreement is maintained after that period (and no other agreement is reached between the master and the agent), it is considered that the application of the law has made the agreement an agreement for an indeterminate period. What is an agency agreement? A representative is a person who sells goods or services in the name and name of a client. The main role of the agent is to facilitate or obtain sales on behalf of the client. Article 7:428 of the Dutch Civil Code defines contracts such as: If the sales agent does not provide an appropriate replacement, he must pay up to 50% of the commission fees incurred during that period for the proven costs (salary, travel expenses, etc.) provided by the client. However, this provision only applies for the period from the fifth week to the six-month expiration since the onset of the disease. At the end of a six-month period, it is necessary to enter into a new contract that takes due account of the situation at the time. Under the right of representation in the Netherlands, the principal must be required to pay goodwill compensation to the sales agent in the event of termination. In accordance with the provisions of the trade agency in the Dutch Civil Code, this goodwill compensation cannot exceed the sum of the average annual commission in the last five years (or, if the agency contract does not run for five years, the annual average during the actual period). No ancillary agreements have been reached under this contract. The amendments are only valid if they have been signed in writing and by both contracting parties. This requirement of the form can only be abandoned by a written agreement.

A provision of the credere regulates the risk of late payment by third parties.

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