House of Lords Clarifies Compensation Rules for Commercial Agents
August 01, 2007
For those brought up with common law contract rules, it used to be a “given” that if a contract was terminated properly in accordance with its terms, then no damages or compensation would be payable. While this has been eroded over the years, for social reasons, particularly in areas such as employment, it remains generally the case in the UK for most commercial contracts. A major exception to this is the position on termination or expiry of contracts with those acting as commercial agents for the sale of goods.