Professional Documents
Culture Documents
name. He is independent of his principal, has a claim for his commission, and, except in France,
has the right when dealing with certain goods to conduct the transaction as he sees fit.
In business law, a del credere agency is a type of principal-agent relationship wherein the
agent acts not only as a salesperson or broker for the principal, but also as a guarantor of
credit extended to the buyer. If the buyer is unable to pay the bill after the transaction is
completed, a del credere agent may become liable for the amount that was unable to be
collected.
An employee of an employer is entitled to commissions he/she procures from a ready, willing and able
purchaser. The procuring cause doctrine is a default rule for interpreting a contract that is silent
regarding the intent of the parties regarding post-termination commissions. The default rule is that
such commissions must be paid irrespective of whether the employee is employed at the time the
commission is to be paid. The procuring cause doctrine is derived from the basic principle of good
faith and fair dealing that is implied in a sales commission contract