In drafting and negotiating a Korean commercial agency agreement between a principal located in one country and an agent located in Korea, proper consideration needs to be given to the choices regarding the governing law and jurisdiction of such agreement. If you are looking for an article on choice of law issues in Korean employment disputes, please see: Choice of Law Issues in Korean Employment Law Disputes. If you are looking for a basic overview of Korean Agency & DistributionContinue reading
Tag: Distribution Agreement
Expiration Versus Termination of a Distribution Agreement in Korea: Korean Distributor Basics
While Korean Law does not specifically detail the differences in treatment in law between the non-renewal (expiration) of a distribution agreement versus the termination, in reality, Korean courts are less likely to rule in favor of distributors in cases where a distribution agreement is not renewed. Thus, typically, it is advisable to have a distribution agreement based on a specified term of years. However, even with the expiration of the Korean Distribution Agreement, termination risks exist. In some cases, KoreanContinue reading
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