OpenLegislation

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)