Commercial agency: where the principal cannot have his cake and eat it too – Technology Law Update

Posted November 19th, 2015 in agency, commercial agents, compensation, contracts, indemnities, news by tracey

‘On termination of a commercial agency agreement the agent is normally entitled to either an indemnity or compensation. This is a lump sum payment to reward the agent for the goodwill it has developed for the principal. They can agree by contract which option they prefer. But in the absence of agreement, the agent is entitled to compensation.’

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Technology Law Update, 16th November 2015