After termination of an agency contract1, a commercial agent2 is entitled to indemnity or compensation, as described below3. The parties are free to agree which compensation right applies, but in the absence of agreement, the agent is entitled to be compensated rather than indemnified4.
Irrespective of a breach on the part of the principal5, the commercial agent is entitled to an indemnity if and to the extent that:
(1) he has brought the principal new customers6 or has significantly increased the volume of business with
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234