When performing various trading operations, the seller or the buyer may entrust the transaction to a third party, an intermediary. Such relationships are governed by the commission agreement.
Necessary
Details of the parties
Instructions
Step 1
The beginning of the commission agreement is prescribed in the standard way: the name of the document, its serial number and the date of conclusion. Below, write between which organizations or organization and an individual this document is concluded. There are no restrictions in the legislation on the status of the parties to the contract. The most important thing is that the actions of these specific individuals are not restricted by law.
Step 2
Next, outline the subject of the contract. The subject of the commission agreement is the provision of services by the commission agent to perform any operations in the interests and on behalf of the principal. In short, the subject of the agreement is an intangible intermediary service.
Step 3
List the duties of the commission agent in the next paragraph. He may, on behalf of the principal, make only transactions specified by the commission agreement. List the responsibilities of the committer below.
Step 4
The Civil Code does not specify any specific conditions regarding the term for the conclusion of such an agreement. Therefore, it can be concluded, both for an indefinite period, and have specific restrictions on its action. But in this document, the indication of the period is important for determining the moment, no later than which the transaction should be executed by the commission agent.
Step 5
The price stated in the contract depends on the value of the transaction made by the commission agent. In this case, the amount of the commission does not apply to the list of essential terms of the agreement.
Step 6
The contract must be concluded in writing. But there is no need to certify this document without fail by a notary.
Step 7
The contract may be terminated due to the client's refusal to fulfill his obligations under the contract or the commission agent's refusal in cases provided for by the contract itself. Also, if the commission agent is a legal entity, then the contract may lose its validity in the event of bankruptcy of the company.
