The legal authority of a court to hear and decide a dispute, often determined by the agent's residence or registered office. - Jurisdiction, The court with the necessary authority to decide any disputes arising from the agreement. - Competent Court, The specific national or international law that controls the provisions of the contract. - Governing law, The party who appoints the agent to represent them. - Principal, The self-employed intermediary authorized to negotiate or conclude transactions on behalf of the principal. - Commercial agent, Payment made to the agent for services, typically calculated as a percentage of the sale price. - Commission, A payment standard where the agent is only compensated if they achieve a positive result for the principal. - A 'no cure, no pay' basis, A condition requiring that the payment (e.g., compensation or indemnity) must be fair, based on the circumstances. - Equitable, A form of financial payment to the agent upon termination, intended to indemnify them. - Indemnity, A contract duration that does not have a fixed end date. - Indefinite period, A person who carries messages between people or who performs actions on behalf of others. - Intermediary, The process of legally bringing the contract to an end. - Termination, A clause that limits the commercial activities of the agent after the agreement has been terminated. - Restraint-of-trade clause, Payment intended to cover damages or losses suffered by the agent due to the termination of the agreement. - Compensation, The required amount of time one party must inform the other before the termination of the contract takes effect. - Notice period, A contract duration set for a specific, predetermined length of time. - Fixed period, Refers to the legal concept of a person's permanent home, which determines which jurisdiction's laws apply to them. - Domicile law, The agent's average annual earnings used as a benchmark to calculate indemnity or compensation. - Annual remuneration, The benefit a business derives from having a good reputation. - Goodwill,

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