Agency Agreement Russian Law

In addition, a contract may be terminated by the Tribunal in the event of a flagrant breach of its terms by a party or a substantial change in circumstances (unless the parties have excluded the applicability of the circumstances). Other grounds for (early) termination of a contract may be defined in the law with respect to a certain type of contract, the contract or any other agreement between the parties. The integration of territorial and customer restrictions into a distribution agreement is the subject of a number of legal considerations. 1. Russian anti-cartel law allows for the inclusion of territorial and customer restrictions in a distribution agreement where the agreement is: (i) a “vertical” agreement between non-competitors; and (ii) each of the parties to the agreement does not hold more than 20% of the share of a product market in Russia. .