komisjonilepinguga

Komisjonilepinguga is an Estonian legal term referring to a commission agreement. It is a contract where one party, the principal (komisjonär), undertakes to perform certain legal transactions or acts on behalf of another party, the client (komitent), in their own name but for the client's account. This type of agreement is commonly used in situations where a principal acts as an intermediary, facilitating a transaction between a client and a third party.

The principal is obligated to execute the commission in accordance with the client's instructions and to transfer to the client everything received from the third party as a result of the commission. In return, the client is obliged to pay the principal a commission fee, which is usually agreed upon in the contract. The principal is generally not liable to the client for the third party's performance of their obligations, unless otherwise agreed or due to the principal's fault.

Komisjonilepinguga governs the rights and obligations of both parties involved. Key aspects typically covered include the scope of the commission, the remuneration of the principal, the reporting requirements, and the duration of the agreement. This legal instrument provides a framework for situations where one party wishes to delegate the execution of specific business or legal actions to another, particularly when the latter possesses specialized knowledge or access to markets. The agreement must be in writing if the value of the transaction exceeds a certain threshold or if it involves real estate.