The following Commercial Q&A provides comprehensive and up to date legal information covering:
Under the Commercial Agents (Council Directive) Regulations 1993, SI 1993/3053, reg 12(1) states: 'The principal shall supply his commercial agent with a statement of the commission due, not later than the last day of the month following the quarter in which the commission has become due, and such statement shall set out the main components used in calculating the amount of the commission'.
The regulations provide that the agent should 'demand that he be provided with all the information…' (SI 1993/3053, reg 12(2)).
The normal remedy for default is damages for breach of contract. However, as no loss is likely to be sustained this remedy would be inappropriate. For further information, see Practice Note: Relationship of principal and agent—Remedies for default.
Specific performance would be a more appropriate remedy and is ordered at the court’s discretion where damages do not afford a complete remedy. For further information,
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
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For guidance on the basic features of the doctrine of estoppel and the different classifications it has been subject to, see Practice Note: Estoppel—what, when and how to plead and related content.Promissory estoppel—what is it?Where A has, by words or conduct, made to B a clear and unequivocal
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