commercial agent


Also found in: Acronyms.
See: factor

commercial agent

as a result of European Union (EU) legislation certain agents are given special indemnity or compensation when the contract is terminated. Heretofore, in the UK at least, there would have been no liability. The Regulations apply to agents trading as individuals, partnerships or companies. They cover selling agents and buying agents. However, they apply to agents for the sale or purchase of goods, not services. In Scotland, compensation was awarded in one case by a capital sum representing two years' commission following French law and in an English case those who marketed gas as self-employed intermediaries were held to be entitled to the protection of the legislation; they were not ‘secondary agents’, who are excluded from protection.
References in periodicals archive ?
The information required under the application form are the name, the address of the commercial agent or distributor, the name the authorized signatories, and the duration of the commercial agent, description of the goods to be brought into the KSA foe distribution, name, nationality, and address of the principal.
The most important element in determining whether someone is a commercial agent or not is that a commercial agent must act on behalf of the principal -- the commercial enterprise or individual.
The indemnity for termination of a contract which results from the application of Article 17(2) "cannot be replaced, pursuant to a collective agreement, by an indemnity determined in accordance with criteria other than those prescribed (by the Directive), unless it is established that the application of such an agreement guarantees the commercial agent, in every case, an indemnity equal to or greater than that which results from the application of Article 17".
com)-- Stan Dalton joins Triangle Real Estate Group as both a residential and commercial agent with experience in both unique real estate specialties.
The similarity between courts' precedents to date is that the disputes in question arose between a principal and its commercial agent.
Halls were once again named the most active commercial agent in Worcestershire - and picked up the 3rd and 4th most active agent in the West Midlands market for industrial and office space respectively in 2014, according to research by property bible Estates Gazette.
ing major bank panels T has been a key focus for the commercial agent having appointed senior commercial surveyor Jonathan Davies in 2014, who has a wealth of experience working with major banks and building societies.
Paul Stevenson, of commercial agent Thomas Stevenson, said: "At more than 25,000 sqft, this is a considerable building on a large plot so could suit a variety of tenants.
DEALS are are still being done in Liverpool's office sector despite the economic downturn, a commercial agent claims.
Dutch shipping firm RollDock has selected Bati Shipping & Trading, based in Turkish capital, Istanbul, as their commercial agent for Turkey.
In her expanded role as Commercial Agent, Sylvester will manage all aspects of sales and leasing of office space, retail suites and vacant land acquisition.
Article 2 defines a commercial agent as "every person exclusively licensed to distribute the goods and products or to put them on sale or circulation or to perform certain services within the scope of the agency on behalf of his principal in exchange of remuneration.

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