Despite the convenience and need for agency agreements, there may be some drawbacks. The main risk in the legal relationship between the client and the agent is that the adjudicating entity may be held liable for a fault committed by the agent. When an agent makes an error or engages in illegal activity while representing the client, the client can be considered technically as the act, since the agent essentially acted as the „main“ obligatory. Sponsors are visible in all areas of the event in the form of logos and products such as food. Whether you`re the sponsor or promoter, you`ll learn how to prepare a sponsorship contract so that your business is properly protected. Despite a relatively classic legal situation in the field of the commercial agency, a decision of the Court of Appeal of Lyon of 6 June 2019 is worth mentioning. The question is how to calculate the amount of compensation instead of a termination (Article L. 134-11 (…) The trade agency system under Articles L. 134-1 and following of the EC Treaty implements the provisions of Directive 86/653/EEC of 18 December 1986 relating to the coordination of Member States` laws relating to independent trade agents. Article 17, paragraph 3, of the directive, (…) The need to qualify a contract, supposedly as a commercial agency, can arise in an international context, a situation that raises not only the question of the application of the qualification criteria, but also, perhaps even more delicately, that of their identification.
A contract entitled (…) An agency agreement explains the agency`s terms, z.B what the agent can do, and the amount of money paid for the agent`s work. The contract also gives the agent the power conferred by the awarding entity, for example. B the exclusive right to act on his behalf. An example is that you are renting a real estate company to sell your home. As a client, you decide whether you should have the exclusive right to sell your property or if you want multiple companies to have the right to sell it. 1. Overview Recruiting an agent or agency to represent your business is a simple and cost-effective way to grow your business without hiring additional staff. In addition to the obvious expenses for wages, bonuses and other compensation, employees can cost a business more subtly and require further investments in benefits, payroll taxes, insurance premiums, offices and equipment. In the event of a breach of an agency agreement, an action may be taken and compensation may be given to the uninjured party.
In some cases, the agent may be held liable for losses incurred by the investor (for example. B if the kapitalist lost business profits because the agent did not respect the agreement). Or the opposite may occur if the client is responsible for not respecting his agreement with the agent (for example. B if he does not compensate him for the work). Agency agreements can be entered into if you ask a seller, accountant, lawyer or other third party to make transactions on your behalf. Businesses and individuals create agencies for all possible purposes.