FOCUS 2. Comprehension questions. ? What companies have concluded the Agency?
? What companies have concluded the Agency? ? When does the Agency come into force? CLAUSE 1 ? What is the scope of the Agreement? CLAUSE 2 ? How long is the term of the Agreement? ? What are the parties to do prior to the scheduled termination of the Agreement? ? What is the special provision for the extension of the Agreement? CLAUSE 3 ? What are the Agent’s responsibilities? CLAUSE 4 ? What territory is the Agreement to cover? CLAUSE 5 ? To what commission on sales is the Agent entitled? ? What is the way of payment of the commissions? CLAUSE 6 ? What is the content of orders? ? Is the Principal responsible for promises and conditions of the orders? ? Which party sets the price of the Products? ? Which party to the Agreement is to pay for additional expenses? ? Is the above Agency a consignment agreement or an agreement based on firm orders? CLAUSE 7 ? What does Clause 7 of the Agreement imply? CLAUSE 8 ? Which party is to bear the Agent’s expenses? CLAUSE 9 ? Does the Agent accept del credere under the Agreement? ? Which party to the Agreement bears responsibility and control of invoicing and collection of accounts? CLAUSE 10 ? For what reason may the Principal demand access to the books and accounts of the Agent?
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