Compensation on termination of agencies
Vero Consulting are experienced at helping commercial agents receive the compensation* due to them when their agency ends or is terminated. We work with agents and their lawyers to ensure they maximise the compensation due to the agent.
When an agency ends or is terminated, an agent often has to ask the principal for compensation. We know how intimidating it can be to secure the compensation due when faced with a substantial and well-resourced principal. We will support the agent and their legal team through this challenging process.
We also work with agents and their legal teams to look at options to ensure they receive all the compensation due to them. We assist with quantifying an agent’s compensation claim, during negotiations, mediations and throughout this challenging process.
My lawyers recommended me to approach Charles to help quantify the compensation due to me under the Commercial Agents Regulations 1993. I found him to be very knowledgeable about how compensation should be quantified and was very supportive throughout the negotiations and in reaching settlement.
His quiet confident manner assured me that I was in safe hands throughout!
I would have no hesitation in recommending his services.
Chelsea Harbour, London
Having worked with agents and principals to quantify the compensation due, we are able to understand and explain the issues confronting the parties, and will use this expertise to ensure settlement is reached quickly and cost-effectively and so minimise professional costs.
* Regulations 7, 8 and 17, The Commercial Agents (Council Directive) Regulations 1993
Charles Lazarevic was appointed by solicitors acting for the agent to quantify the compensation due under Regulation 17 of The Commercial Agents (Council Directive) Regulations 1993 on the assumption that software is within the scope of the Directive. The principal claimed there was no loss but on hearing both experts the court awarded compensation of £475,000. On 28 March 2019 the Supreme Court decided to refer two questions on the meaning of “goods” in the Directive to the CJEU, which is likely to provide a landmark decision.
Charles was appointed by Laytons to quantified Berry’s damages on the basis of Regulation 17 of The Commercial Agents Regulations 1993 on termination of the agency agreement.
The case highlighted the risk to solicitors of professional negligence claims when advising on this specialist area of law.
Want to hear more about our experience and services?
If you would like to discuss how we can help or for more information, please click here.