Establishment of a sale concession
The concession contract is also known in Egypt. The dealer buys products from a particular manufacturer and resells them to the final consumer in his own name and on his own account. The concessionaire, therefore, like the agent, has a lasting contractual relationship with a particular manufacturer, however it differs from the agent because the latter acts in the name and on behalf of the principal. Egyptian law, like most of the legal systems, does not regulate this contract, deeming it governed for the most part by the rules provided for on the agency contract (in Egypt, in fact, the distribution contract is normally called 'agency'). Therefore, in the absence of specific legislation, the regulation of the contract is left to the free will of the parties. However, it is advisable to carefully regulate, in writing, every aspect: the granting, or not, of the exclusivity, whether unilateral or reciprocal, the indication of the obligations of the distributor, the terms and conditions for the supply of products, the protection of trademarks and patents, any causes that give rise to an immediate termination of the contract, the applicable law and the competent court. In fact, it could happen that, in the absence of specific contractual provisions, the Egyptian or non-Egyptian judge, competent to resolve a dispute, can assimilate this contract to that of an agency regarding some crucial aspects such as the causes for withdrawal and the severance indemnity.
SERVICES OFFERED IN EGYPT
» ESTABLISHMENT OF COMPANIES, BRANCHES AND REPRESENTATIVE OFFICES
» ACQUISITION OF INDUSTRIAL GROUPS AND DUE DILIGENCE
» DRAFTING OF CONTRACTS IN COMPLIANCE WITH LOCAL LAW
» PROTECTION OF INTELLECTUAL PROPERTY AT ALL LEVELS
» OBTAINING LICENSES, AUTHORIZATIONS, PERMITS FROM LOCAL AUTHORITIES
» DUE DILIGENCE ON EGYPTIAN COMPANIES AND, IN GENERAL, ON NATURAL AND LEGAL PERSONS
» EXTRA-JUDICIAL ASSISTANCE IN TRADING WITH HIGH PROFILE ARABA AND ITALIAN LANGUAGE LEGALS
» CREDIT RECOVERY
» JUDICIAL PROCEEDINGS BEFORE THE EGYPTIAN COURTS
» WIDE RANGE OF SERVICES IN THE FIELD OF INTERNATIONAL PRIVATE LAW
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