Commercial agency termination
Termination of a commercial agent or agency has to be carefully considered as commercial agents have received legal protection since the mid 1990s by virtue of the Commercial Agents (Council Directive) Regulations 1993 (the Regulations).
Under the Regulations a Commercial Agent is any self-employed intermediary who has continuing authority to negotiate the sale or purchase of goods (but not services) on behalf of the Principal or to negotiate and conclude the sale or purchase of goods (but not services) on behalf of and in the name of that Principal.
The Regulations afford additional layers of protection to an Agent which includes the duties of the parties, the remuneration of the agent and defining notice periods for termination of the agency.
One of the most contentious aspects of the Regulations has been the right of commercial agents to claim compensation in certain circumstances upon termination of the relationship. We advise both principals and agents in respect of all aspects of the Regulations.
If you are an agent who has had their agreement terminated then call Tom Silverwood-Cope
If you are an principle considering terminating an agreement then call Nick Crook