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Law > Topic 8 - Special contracts > Flashcards

Topic 8 - Special contracts Flashcards

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1
Q

What is a distribution contract?

A

A contract by means of which the manufacturer or producer allows the distributor to sell its goods or services

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2
Q

What are the types of distribution contracts?

A

Franchise or Agency (These can be direct or indirect & exclusive or non-exclusive)

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3
Q

What are the rights or obligations of the agent?

A 
An agent must; 
Look after the principles interest,
Act dutifully and in good faith,
Communicate &
Comply with instructions
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4
Q

What are the rights and obligations of the principle?

A 
The principle must;
Act dutifully and in good faith,
Provide documents,
Notify acceptance or rejection &
Compensate agent
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Law (8 decks)

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