Regulation 3 Duties of a commercial agent to his principalI1
England, Wales and Scotland
(1)
In performing his activities a commercial agent must look after the interests of his principal and act dutifully and in good faith.
(2)
In particular, a commercial agent must—
(a)
make proper efforts to negotiate and, where appropriate, conclude the transactions he is instructed to take care of;
(b)
communicate to his principal all the necessary information available to him;
(c)
comply with reasonable instructions given by his principal.
Annotations
Commencement
- I1
Reg. 3 in force at 1.1.1994, see reg. 1(1)