What should you know about the GTC Regulation in Germany? General terms and conditions (GTC) are all pre-formulated contractual terms for a number of contracts which one contracting party (user) provides to the other contracting party when concluding a contract, according to section 305 (1) sentence 1 of the German Civil Code (BGB). GTCs are…
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Agency Agreement between the company ………………………. (name of the company and location of the headquarter) – hereinafter referred to as company – and Mr. / Company ……………………………. (name of the sales representative, address) – hereinafter referred to as commercial agent- § 1 Legal status of the commercial agent The commercial agent acts…
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Characteristics of a commercial agent/sales representative Sections 84 to 92c of the German Commercial Code (HGB-Handelsgesetzbuch) regulate the rights and obligations of the commercial agent and the company represented. According to section 84 HGB, a commercial agent is the person entitled in representing an independent trader, mediating with other entrepreneurs or finalizing businesses on its…
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