Our agency agreement also implies the obligation for the agent to fully comply with the 2010 Corruption Act. Competition law has implications for distribution agreements, both under EU law and in the UK. In the United Kingdom, anti-competitive behaviour affecting trade in the United Kingdom is prohibited by both the Competition Act 1998 and the Enterprise Act 2002. In addition, Articles 81 and 82 of the EC Treaty apply when anti-competitive behaviour affects trade in or between EU member states. A distribution agreement is particularly useful when a prime contractor wants to sell its products in a market or territory in which it does not currently operate. Agreements are generally vertical in nature, between two companies at different levels in the same supply chain. The main advantages of using distribution agreements are: the agency agreement – when one party must act as an agent to sell the products, goods or services of the other party (the main company) against the payment of commissions. The agreement is also called a sales agent agreement or commission agreement. Customer comments “Had an agency agreement to get because the overseas company I dealt with had no conditions to give me. They went around. It`s great to be able to download it immediately. ” – SG Thompson In some trade contracts, there can be a significant impact after Brexit, such as a cross-border agreement and the treaty expires after 31 December 2020.
EU legislation will no longer be directly applicable to the UK at the end of the transition period, but the UK government has passed the Withdrawal Agreement in the EU 2020 as part of the Brexit process. At the end of the transition period, the law will transform EU law into “if practical” law. The transformed laws may then be repealed or amended at a later date. This means that contracting parties should review their existing trade agreements to ensure that contracts remain appropriate. For example, if the EU is included in the definition section of the agreement, it will no longer include the UK. Subject to the exact wording of the treaty, this could have a significant impact on a contracting party. In the event of unlawful termination or infringement by the client, distributors are generally entitled to a loss of future income or “damage” as a result. This damage may take the form of “compensation” or compensation, depending on the terms of the current distribution contract (or the absence of such a contract). Do you know what should apply to you in order to maximize your interest? Can you afford not to enter into a distribution contract? Or to have an outdated or poorly developed distribution agency agreement? It is important that your distribution contract has conditions to meet your business needs, including: at present, no one knows how quickly the UK will deviate from EU legislation, or what legislation introduced by the EU will be a priority for the change of the British government. In the end, there has never been a more important time to obtain specialized business advice on existing and planned agency and distribution agreements. When a contract to purchase goods or services is concluded, the contract is concluded between the operator and the end user, the customer.