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 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.
com)-- Keller Williams Commercial agents Kenny Stevens and Heidi Prosser joined forces one year ago and the team's success has already surpassed combined results of previous years.
FLETCHER MORGAN of Cardiff has been named the best commercial agents in Wales and the West of England.
Under the terms of the settlements with the DOJ and SEC: * A subsidiary of the company pled guilty to violations of the Foreign Corrupt Practices Act (FCPA) as a result of payments made between 2001 and 2003 to a commercial agent retained in 2000 in connection with a project in Kazakhstan.
Developers want local agents on-the-ground and we are being increasingly recognised as a commercial agent, an area we want to further grow this year,' he said.
Previously, she was a top commercial agent with The Staubach Company in San Francisco and was also a top performer at San Francisco's Hill & Company.
TOM BAILEY MRICS, cyclist and commercial agent, Newcastle
He later joined the brokerage firms of Helmsley-Spear, Inc and First New York Realty where he was a commercial agent responsible for the leasing of office spaces.
Jane Stonehouse has been appointed as commercial agent within their Newcastle office based on Quayside.
A COVENTRY commercial agent is marketing the last three units at a major commercial development in the city.
But a recent extension of the legal definition of a commercial agent, following a High Court decision, has increased the protection available to them.
Cushman & Wakefield Healey & Baker has been named European Commercial Agent of the Year at the 2005 European Property Awards held at the international property exposition ExpoReal in Munich, Germany.

Full browser ?