Important legal aspects of exporting - Intermediaries
3 important questions on Important legal aspects of exporting - Intermediaries
Name two forms of agreement
- Horizontal agreements (operating companies same levels)
- Vertical agreements (operating at different levels)
What is an agent and why is it important?
An agent is an independent entrepreneur who prepares and/or concludes agreements on behalf of his principal on the basis of an agency agreement. It is especially important in the distribution and sale of commercial goods ordered by a company which does not (yet) want to set up business abroad.
What is a distributor/importer?
An entrepreneur who buys goods at his own risk and expense from an exporter and resells them in his own name and on his own account in his own country.
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