LICENSING FOR PRACTICING COMMERCIAL AGENCY BUSINESS

Abstract

Managing and distributing the products of the producing company to markets outside the country of origin is the primary task of commercial agents. The wider the scope of product distribution, the stricter the required supervision of their commercial activity. So, granting a commercial agency license requires the fulfillment of certain conditions. This procedure represents one of the forms of state intervention to monitor the activity of commercial agents and ensure their compliance with laws to maintain stability in market transactions.