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?