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 ?
Birmingham law firm Hammonds is warning businesses which use commercial agents to read up on their responsibilities following a recent change in case law.
Under Saudi law, the foreign principal and the local commercial agent must enter into the Agency Contract which must be registered within three months of it commencing with the Commercial Agencies Department of the Ministry of Commerce and Investment ("Agencies Department").
Other services include the issuance of a registration certificate for a commercial agent or agency.
The Ministry of Economy and Commerce said it has ensured coordination with the commercial agent in order to stop selling and using the device.
Appointing a commercial agent A commercial agent acts as an intermediary to help sell goods.
Commercial agent and chartered surveying firm Bradley Hall identified the site and acted on behalf of Co-op to acquire the new premises.
Some forms of commercial agent work deserve particular attention, and these kinds of jobs are regulated under specific laws.
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.
Leading commercial agent Bill Wareing, of Wareing & Company, said bringing the building back to full occupation was important for the lower end of the town's main shopping street.
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.
ST), a provider of security solutions, said today that it has been ordered to pay compensation to a former commercial agent according to an arbitration award passed in London.

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