When is the relationship between two parties considered a remunerated agency agreement and not a commercial partnership?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The relationship is considered a remunerated agency agreement if one of the parties receives a direct and specified commission for their work, without participation in profits and losses or awaiting capital recovery, unlike a partnership which necessitates participation in gains and losses.
Legal References & Citations
البند الثالث من العقد المحرر بتاريخ 5/3/1437هـ
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