Convention of 14 March 1978 on the Law Applicable to Agency
- Type: Convention
- Date of signature: 14/03/1978
- Place of signature: The Hague, The Netherlands
- Depositary: Ministry of Foreign Affairs of the Netherlands
- Date of entry into force: 01/05/1992
What is it about?
This Convention determines the law applicable to relationships of an international character arising where a person, the agent, has the authority to act, acts or purports to act on behalf of another person, the principal, in dealing with a third party. Three types of situations are envisioned : provisions specifying the law applicable to relations between the agent and his or her client, between the client and a third party, and between the agent and a third party.
Why is it relevant?
The Convention allows for the determination of the law of international contracts for agents and representation.
States become party to this Convention for a five year period. If there has been no denunciation, it is renewed tacitly every five years.