commercial agent


Also found in: Acronyms.

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 Commercial Agent filed a conflict of jurisdiction case before the Union Supreme Court in Case No.
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".
Therefore, reliance entirely on the registration of the Claimant as a commercial agent of the Principal on the Register was deemed insufficient.
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.
Target."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.
David Rowley director of commercial agent TFC, who acquired the building on behalf of Mainetti and is the retained letting agent for surplus space, said: "We have received considerable interest in the new business centre and a further 4000 sq ft is already under offer."
Also joining Siderow Commercial Group is commercial agent James Axelrod, who will be working with the brokerage's Office & Retail Division, and working on some of SCG's exclusive listings.
Paul Stevenson, of commercial agent Thomas Stevenson, said: "In addition to the sophisticated heating system and opportunities for large deliveries, there is office space, outbuildings, plenty of parking and a substantial yard."
DEALS are are still being done in Liverpool's office sector despite the economic downturn, a commercial agent claims.
To act as commercial agent for the disposal of the council s interest in marine point, New brighton
"Agency agreements submitted by a Commercial Agent must be submitted on behalf of companies that produce or manufacture commodities and provide services, or through the original company owned by the company producing or manufacturing the commodities or providing the services and formally authorized to grant subsidiary agencies in Iraq.

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