In many cases of termination of a distribution/agent agreement in Korea compensation must be paid to the commission agent. In many cases, the same rules are applied to distributors. The law on the termination of Commission Agent-type agreement is governed, mainly, by the Commercial Act of Korea and its enforcement decrees. Korea law does not facially differentiate between termination and expiration of agent/distribution agreements. The following explanation is, only, a brief overview of Korea’s Distribution/ Agency Law relating to termination ofContinue reading
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