How do the Regulations affect me?
The Regulations are important to both principals and agents in confirming their respective rights and obligations and also providing for what should happen, in the event that the commercial agency relationship is terminated or otherwise comes to an end. If you are an agent, you may have the right to bring a claim for compensation under the Regulations should the principal terminate your commercial agency. Likewise, if you are a principal, you may be able to rely on certain provisions of the Regulations to either deflect or reduce your liability to a terminated or outgoing commercial agent.
Share This Story, Choose Your Platform!