Force majeure

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Mimaktsa10
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Joined: Tue Dec 24, 2024 3:09 am

Force majeure

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the tasks specified in the document. In this case, the party must prove that such circumstances led to the impossibility of fulfilling the obligations.

Some situations are automatically recognized as force majeure:

Natural disaster.

Epidemic.

Strike.

Hostilities.

Terrorist act.

Sabotage.

Restrictions on transport and trade.

Closing borders.

A force majeure clause in a contract may include not afghanistan email list 168973 contact leads only generally accepted situations, but also other circumstances that may affect the fulfillment of obligations:

Economic crisis or currency devaluation resulting in a shortage of funds to pay agency fees.

Actions or inactions of third parties that prevent the fulfillment of the terms of the agreement. For example, the impossibility of issuing goods to customers due to the Internet being disconnected at the point of issue of orders, which is caused by technical problems or provider errors.

It is not possible to purchase goods that are required to fulfill obligations. This may happen, for example, due to sanctions.

A crime was committed for which the perpetrators were not found (for example, hacking into a company account and stealing all the money).

If these situations are not specified in the contract as force majeure, then the parties, in accordance with the law, will be obliged to fulfill their obligations within the specified time frame, despite the problems that have arisen.

Confidentiality

Confidentiality is an important aspect of an agency agreement, which may include financial penalties for leaking classified information. The text of the agreement should define what data will be considered confidential for the parties.

Guarantees

Guarantees are also important for an agency agreement, especially if the intermediary is engaged in the sale of goods, services or works that fall under the requirements for quality assurance. It is recommended that the document clearly state who will accept claims from clients, conduct examinations and repairs if necessary.

A contract can be either permanent or concluded for a specific period. For example, an agreement can be valid for one year until a specified date or until the fulfillment of certain obligations by the parties.

Document for download

Sample of filling out an agency agreement

Reporting on agency agreement for provision of services
As a rule, the contract establishes the agent's obligation to inform the principal about his legal and actual activities. This is done through reports.

The parties may independently regulate the content and timing of the formation of such papers in the text of the agreement.

It is better to set the deadlines for submitting reports in the contract. If they are not specified in the document, the agent may submit the results as they fulfill their obligations or upon expiration of the contract.

Calendars

Source: shutterstock.com

The report should be supplemented with documents confirming the amounts of expenses that were incurred at the expense of the principal. This is necessary so that the customer can compensate the agent for the losses incurred in the process of fulfilling obligations.

It is also advisable to specify in the agreement the period during which the principal must express his objections to the agent's report. If such a clause is not specified in the agreement, the customer is given 30 days from the date of receipt of the report. When the period expires, the document will be considered accepted by the principal.

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