Commercial Agency And Distribution Agreements

Posted in Uncategorized by Hemant Naidu on April 8, 2021

For more information on agency and distribution agreements, please contact our commercial lawyers in Alconbury, Peterborough, Spalding, Nottingham or Birmingham. While this may be a subjective issue, agency agreements have long been the preferred route or mechanism for most foreign companies to develop in the Uae. It should be noted that agency agreements are promising for foreign companies that have enjoyed a good reputation and success abroad. These companies often have a long-standing reputation with their customers and should be capital intensive. Such companies have used the deep ties that their agents have in the region, which has allowed them to be very successful. For example, the formation of agency contracts is proving successful for foreign companies looking to grow a large consumer base within the United Arab Emirates and who have the capital to facilitate the same thing. If you are considering delivering products to the UK and would like further advice on the differences between distributors and the agency, please contact: contact@ouryclark.com Another topic often covered by agency and sales laws is agent or distributor competition law. While trade agency agreements appear to be very beneficial to the main party, an understanding of the intricacies of local trade agency practices and laws would ensure that parties entering into agency contracts stay away from misunderstandings or complications. In such disputes, the question arises as to which laws would govern the dispute resolution procedure for distribution agreements. In the event of a dispute between the main party and the distributor, the UAE Commercial Transactions Act would apply (not the Uae Agency Law). The courts would respect and comply with the terms of the distribution contract as long as it complied with the above law.

A distribution agreement is used when a supplier does not have a presence or representation in a particular market or country. It is important to have an agreement between the supplier and the distributor so that the conditions between the parties are clear.