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Copyright © International Chamber of Commerce (ICC). All rights reserved. ( Source of the document: ICC Digital Library )
by International Chamber of Commerce (ICC)
The Principal may terminate the contract with immediate effect, if:
At the same time, if alternative A of Article 21.1 is applicable, the Agent-company may terminate this contract on grounds of the age, infirmity or illness of Ms.................................................................. according to Article 21.3, (b), without losing the right to the goodwill indemnity under such provision.
6 Specify here the position that the qualifying person has in the agent-company, e .g. director, general manager , president of the board, as the case may be. This clause may be dangerous for the agent-company, particularly if the qualifying person is not the owner, but only an employee.