Regulation 11 Extinction of right to commissionI1

England, Wales and Scotland

(1)

The right to commission can be extinguished only if and to the extent that—

(a)

it is established that the contract between the third party and the principal will not be executed; and

(b)

that fact is due to a reason for which the principal is not to blame.

(2)

Any commission which the commercial agent has already received shall be refunded if the right to it is extinguished.

(3)

Any agreement to derogate from paragraph (1) above to the detriment of the commercial agent shall be void.

Annotations