The following Commercial precedent provides comprehensive and up to date legal information covering:
DRAFTING FOR BREXIT: As of exit day (11pm on 31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Precedent. For further guidance, see Brexit Bulletin—key updates, research tips and resources and Brexit toolkit.
For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Notes: Brexit—drafting boilerplate clauses and Brexit—drafting commercial clauses.
This Agreement is made [insert day and month] 20[insert year]
[insert name of Party] [[of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at]] [insert address] (Principal); and
[insert name of Party] [[of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at]] [insert address] (Agent) (each a Party and together the Parties);
The Principal [manufactures and] supplies the Products.
The Agent wishes, and is able, to [market and] sell the Products in the Territory on the Principal’s behalf
The Agent also wishes and is able to ensure payment to the Principal of sums due from Customers in return for the Del Credere Commission
The parties agree:
In this Agreement, unless otherwise
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