Article (9)
Expiration of the Commercial Agency Contract
1. The Commercial Agency contract shall expire in any of the following cases:
a. Upon the expiry of the contract term unless such term is renewed by the agreement
of the contracting parties;
b. By the will of either the Principal or the Agent, subject to the terms and conditions of
the Commercial Agency contract;
c. By the agreement of the contracting parties before the expiry of the contract term;
d. Upon the issuance of a final judgment on the expiration of the Commercial Agency;
or
e. Any other case set out in the present Law.
2. Devolution of assets:
In any of the cases set out in Clause (1) hereinabove, and unless the parties agree
otherwise, the assets of the old Agent shall devolve to the Principal or the new Agent at
the fair value once the following conditions are met:
a. The above-mentioned assets, including commodities, goods, materials, spare parts,
machinery, ... etc. shall be related to the Commercial Agency contract.
b. The above-mentioned assets shall be agreed upon and in the possession of the old
Agent at the time of termination of the Commercial Agency contract and there shall
be no restriction on the transfer of ownership thereof.
3. Bringing goods and services into the State during the period of dispute:
a. In accordance with Clause (1) of this Article and subject to the approval of the
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Ministry, goods or services may, during the period of the dispute arising between the
Principal and the Agent and on a temporary basis, be brought into the State from
exclusive sources, provided that the Principal is liable, throughout such period,
towards the old Agent for compensation that may be awarded under a final
judgment rendered by the competent courts.
b. The Ministry shall, under a ministerial resolution, regulate the terms and conditions
for bringing for the above-mentioned temporary period, so as to achieve limitation of
the flow of services and goods during the period of the dispute.
4. Subject to Clause (2) of this Article and for the purposes of estimating the value of the
assets, either the Principal or the Agent may institute an action before the court in whose
jurisdiction the head office of the Commercial Agency is located to obligate the other
party to pay the value of such assets as estimated by the court.
