You may have already noticed that when talking about business many terms like enterprise, business and company are often been used as synonyms. But are those really all the same terms? What shall you unterstand by each of those individual terms? Which legal differences shall you be informed about? If you are talking about an…
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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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Commercial law concerns all the relations between business partners. The most important legal regulation in Germany is the commercial code (Handelsgesetzbuch – HGB). In every business negotiations, HGB applies. Many questions of interpretation are also solved and regulated by the statute law, commercial practice and trade customs. German commercial law has been heavily influenced by…
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