Document background
The Termination of Agency Agreement is a crucial document used when parties wish to formally end their commercial agency relationship under Swiss law. It is typically required when either the principal or agent decides to terminate their business relationship, whether by mutual consent or unilateral decision, in accordance with the Swiss Code of Obligations. This document ensures compliance with Swiss legal requirements regarding agency termination, including mandatory notice periods, compensation calculations, and post-contractual obligations. It covers essential elements such as final commission settlements, customer transition arrangements, and the handling of confidential information. The agreement is particularly important in protecting both parties' interests and ensuring a clear record of the termination terms, helping prevent future disputes and ensuring smooth business transition.
