Managing agents under ordinary law | French Distribution Law (Title 7.2) • Livv

557. Context.

Before being subject to specific regulations, lease-management agreements, which consist in the owner placing the business under management in the form of an agency, were subject to the ordinary law of agency (Civil Code, Article 1984 et seq.). The …

558. Rights and obligations.

Article L. 146-1 of the Commercial Code defines the managing agent as the natural person or legal entity who manages a business or craft industry in return for payment of a commission, on behalf of a principal who remains the owner thereof and …

559. Compensation.

Where the principal puts an end to the contract, and except in case of serious fault by the agent, the latter is entitled to compensation equal to the amount of the commissions earned, or the guaranteed minimum commission for the six months …