Common Contracts
1 similar Commercial Agency Agreement contracts
ContractCommercial Agency Agreement • October 24th, 2019
Commercial Agency Regulation Law No. 79 of 2017 Article 1 For the purposes of this Law, the following terms shall have the meanings indicated: First: The Minister: The Minister of Commerce Second: Registrar: Registrar of Companies Third: Commercial Agency: A contract whereby a natural or legal person is entrusted to sell or distribute goods or products or provide services inside Iraq in his capacity as agent, distributor or concessionaire for the client outside Iraq in return for profit or commission. Preparing spare parts for the products and goods he markets. Fourth: Commercial Agent: - The natural or legal Iraqi person who performs any of the commercial agency's activities Fifth: - The principal: - The natural or juristic foreign person from outside Iraq who works as a commercial agent for his benefit Sixth: - License: - Certificate issued by the Registrar to the commercial agent Article 2 This law aims to: First: - Organization of the business agency Second: - Regulating the de
