Friday, September 13, 2019
Legal Advice Essay Example | Topics and Well Written Essays - 1750 words
Legal Advice - Essay Example Apparently, Heather had complied with her duties as a commercial agent. The law mandates these agents to look after the interest of the principle and action in utmost good faith; put efforts in making negotiations and where possible concludes sales; comply with the principles instructions; and communicate with the principle on necessary information. On the other hand, the principle has the duties of informing the agents within an appropriate period on the refusal or acceptance of the procured transactions of their agents. The remunerations regulations of commercial agents stipulate that an agent is entitled to commissions accrued on transactions concluded within the confines of the period of the contract. Moreover, the agent is also entitled to transactional commissions within the period of contract of the agency especially where the agent has exclusive right to a geographical setting or particular specific clients. This above entitlement is only viable if the transaction entered int o is within the geographical area in question or the group highlighted above . The regulations on commercial agency also stipulate that the agents to commercial firms are entitled to commissions on concluded transactions even after the contract has been terminated. This regulation is conscious to the agentââ¬â¢s effort during the contract period and the transaction ought to have been entered into within a period that is reasonable by incorporating the terminated contract . What complicates Heatherââ¬â¢s case is that their agreement with the company.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.