Bahrain Commercial Agency Law
Introduction
Bahrain Decree-Law No. 10/1992 On Commercial Agencies as amended and it’s Implementing Regulations plays a vital role in regulating commercial agency agreements in the Kingdom of Bahrain. It not only protects trade relationships and promotes economic growth but also provides a framework for governing agency relationships and outlining the rights and obligations of the parties involved. Bahrain Decree-Law No. 10/1992 places emphasis on fairness and transparency, and has greatly contributed towards the development of Bahrain’s business sector and has helped facilitate international trade partnerships.
Bahrain Decree-Law No. 10/1992 defines a commercial agent as an independent intermediary who sells, purchases, or distributes goods and services on behalf of a principal. In addition, it outlines the rights and obligations of both agents and principals, ensuring fair treatment and transparency in their business dealings.
Legal framework and key provisions
Registration