| gen. |
sales agency agreement (A traditional sales agency agreement is an agreement whereby a company (known as the principal) authorises another company or individual (known as the agent) to sell the principal's goods on its behalf. The agent thus sells the goods on behalf of the principal (rather than purchase the goods itself). When a customer purchases from the agent the contractual relationship (known as Сprivity of contract') will thereby legally exist directly between the principal and the purchaser (the agent receiving commission on such sales). LE Alexander Demidov) |
