Agents may already be familiar with the provisions of Regulation 8(a) of the Commercial Agents Regulations, which stipulate that they are entitled to receive commission in respect to any transactions which are concluded after the termination of the agency, and where those transactions were both mainly attributable to their (the agent’s) efforts during the period covered by the agency contract, and were entered into within a reasonable period after termination.
Agents may however be less familiar with the provisions of Regulation 8(b), which entitles them to also be paid commission in respect to any relevant orders already received by the principal prior to termination, but which are concluded only after termination.
As ever, certain regulatory rights and obligations may arguably be variable or excludable in a written agency agreement, and so legal advice should always be sought before contractual relations are entered into.