The freedom of contract as between principal and agent is restricted in the case of commercial agents1. For this purpose a 'commercial agent' is a self-employed intermediary2 who has continuing authority3 to negotiate4 the sale or purchase of goods on behalf of another person (the 'principal')5, or to negotiate the sale and purchase of goods on behalf of and in the name of that principal6. This definition does not, however, include:
(1) a person who, in his capacity as an officer of a company or association, is empowered to enter into commitments binding on that company or association7;
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