Agreement Law And Agency

The party who terminates the mediation contract without respecting its duration or without respecting the legal or agreed notice (and without the agreement of the other party) is liable for damages, unless the denunciation takes place for an urgent reason that is immediately notified to the other party. A commercial agent contract is a legally valid contract that creates a trust relationship in which the first party (« the principal ») agrees that the actions of a second party (« the agent ») bind the client to subsequent agreements of the agent, as if the contracting authority had itself concluded the subsequent agreements. The power of the agent to retain the client is generally considered to be a legal power. The agency created by an agreement can be a form of implied authority, for example.B.