commercial agencies in iraq

Commercial Agency

Considered commercial agencies of the most important factors that drive the economy wheel towards the development and prosperity, in view of progress industries and development and ninths spot consumption and ambitious industrialists and investors about the delivery of their products to all over the place and to the farthest frontier, it was necessary to find the type of transactions that ensures through which every maker or busenees man  investor the distribution of its products and its goods in the best possible way, through the agencies and commercial contracts.

Law for the Regulation of Commercial Agency in iraq

A relationship between one individual or legal entity (the agent) who represents, acts on behalf of, and binds another individual or legal entity (the principal) in accordance with the principal´s request or instructions. In some countries, the role of commercial agencies is more narrowly defined as a relationship created only by a written contract or power of attorney, entered into by a principal and a person who is designated to act for the principal within the limits of the written contract or the attributions of the power of attorney. In international trade, relationships between agents and their clients (principals) are regulated through a Model of International Commercial Agency Contract. See agent; distributor; sales representative.

• The importance of the commercial agency
Sales agents have contributed to the expansion of the investors and producers activity by providing and represent their products in different places, both within the state itself or outside, has led to an increase in factory production and pushed it to engage in an atmosphere of competition in order to achieve greater Qdermn profit and therefore reflected in the industries heavily At.ohma Mazar on the growth of the economy clearly in its global companies that seek to promote their products among countries through the conclusion of commercial agencies with several agents in different countries.
As commercial Tattabrolokulat characteristic phenomenon of the business sector that the countries of the region, where senior families and businesses have emerged through the representation of international companies to import their products to local markets, taking advantage of the commercial agencies system.

• commercial agent's obligations
Commercial agent or distributor practiced acts of his agency and regulates commercial activity normal on the face of independence, while adhering to the following, as the case.

1.      The provision of goods, products or services that you need his agency permanently adequate and affordable, as well as the case of spare parts for goods that need to be cut parts and this condition continued availability in the country of production.

2.      Provide workshops for maintenance and repairs that you need the goods would be an appropriate agency costs. And provide all the guarantees provided by the producers and suppliers of goods covered by the original by which the Agency taking into account the standards of the state.

3.      Document retention are described commodity prices from their sources in addition to secured and shipped and transfer fees and customs documents.

4.      In the case of the agency finishes agent or distributor referred obligations continue them for a period of three months from the date of its completion and until the appointment of an agent or a new distributor whichever comes first.

• Commercial Agency termination or dissolution of the union:

Since the commercial agency is agreement between the parties, the termination of the agency or the dissolution of the union is based on the general provisions to end the agreements include these provisions include:

1.       Agency expires the end of the specified term it unless the parties agree to renew it.

2.       If the agency contract is a fixed term is not permitted to terminate it, despite opposition from the other party, then he has to apply to the termination of the Commission on specific arbitration in their contract.

3.       It may not be the agent in a specific agency period to step down from the agency at an inopportune time, with or without an acceptable excuse, otherwise it is obliged to compensate the client than to fall ill from damage due to step down from the agency.

4.       

• Agency commission (distribution contract)
Agency commission is considered a private commercial proxy image and apply to them the general provisions of commercial agency, known as contract under which the agent undertakes to conduct his own name, business operations and these operations to calculate the principal paid a wage. Hence, we find that they are distinct from commercial agencies, while the commercial agent to make the deal on behalf of the client and his account is based commission agent commissioned his own name but for the client's account. It is worth mentioning that the talk of the IAEA called on commission is the distribution contract, and therefore this kind of agencies are currently intended distribution contracts. A commission agent binding direction of people who contracted with them as if the contract was to him personally and No right for people who contracted the client directly strife, while The provisions relating to proxy regarding the relationship between the client and creditors. And arranges the agency contract commission several obligations on both the principal and the agent, while the principal to pay the taxi commission agent and the payment of expenses committed, resulting agent adherence, inter alia:

1. Implementation of client instructions and do the work entrusted to him in good faith, and not be exceeded his powers and obligations contained in the agency.
2. preservation of the principal rights and non-broadcast secrets that come to his knowledge during the implementation of the agency.
3. preservation of the principal goods and take Tdaperalenayh necessary.
4. The need for careful implementation of the commitments which the attention of the usual person.
5. Submission of a statement of account for the work he has done on behalf of the principal.
6. not to contract with the same or be the agent for both parties and can not be a power of attorney others unless authorized by the principal.