Opportunity for stakeholders to share their views and suggestions
The European Commission recently announced its intention to evaluate the functioning of the Commercial Agents Directive (86/653/EEC), which was adopted on 18 December 1986. In the light of this, the European Commission has started a public consultation, inviting stakeholders to contribute to the consultation. It is an opportunity for stakeholders to share their views on the Directive and to comment on e.g. its effectiveness and efficiency.
The Commercial Agents Directive (and implementing legislation) governs contracts between commercial agents and their principals. For the purposes of the Directive 'commercial agent' means a self-employed intermediary who has continuing authority to negotiate the sale or the purchase of goods on behalf of the principal, or to negotiate and conclude such transactions on behalf of and in the name of that principal.
The Directive regulates inter alia the remuneration of commercial agents, the conclusion and termination of agency contracts, restraint of trade after termination of an agency contract, as well as termination indemnity.
The European Commission now invites comments on the functioning of Directive. Submissions in the consultation will be taken into account in the evaluation of the Directive. Therefore, this is a useful opportunity for stakeholders, including commercial agents, principals or other parties involved to present their views with respect to the Directive.
The European Commission in particular invites stakeholders to give their views on the future of the Directive and therefore this is also an excellent opportunity to present possible changes to the Directive.
A link to the consultation may be found here
The consultation runs until 31 October 2014.