In today’s competitive market, businesses are constantly looking towards increased growth in an attempt to boost their turnover, profits and market share. Distributors, Franchisees and Commercial Agents have an important role in this process, assisting companies having limited or no actual physical presence within the specific market, to establish local goodwill, acquire and develop local market share, and to increase their profits.
A well drafted Distribution, Franchise or Agency Agreement is crucial to ensure the smooth operation of such a relationship, as well as to safeguard the rights of the contracting parties. Our firm has wide experience in drafting Distribution, Franchise and Commercial Agency Agreements, reviewing and advising on the compliance of such Agreements with Cyprus Law, as well as advising on such maters as termination, post contractual compensation, competition law issues, public procurement, Intellectual Property licensing matters etc.
We advise principals, distributors, franchisors, franchisees and commercial agents alike, and are acknowledged for our lawyers’ in depth knowledge of the legal and commercial considerations associated with such relationships. Our experience from working for both sides gives us an ideal understanding of the strategic approach required, as well as the critical parts of the deal.
Our expertise extends to a wide range of sectors of industry, including the food and drinks industry, the automotive industry, the pharmaceutical industry, cosmetics, high-tech products, defence products etc. Furthermore, we have extensive experience in litigation relating to matters such as unlawful termination and post termination disputes, including compensation, infringement of IP rights following termination of the licence to use the IP rights, collection of unpaid invoices or royalty fees etc.