Vietnam: What is purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers? Can it be entrusted to a third party?

Hello, Lawnet would like to answer as follows:

1. What is purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers?

According to the provisions trực tiếp bóng đá hôm nay Clause 8, Article 3 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,, purchase and sale trực tiếp bóng đá hôm nay goods mean commercial activities whereby the seller is obliged to deliver goods, transfer ownership trực tiếp bóng đá hôm nay goods to the purchaser and receive payment; the purchaser is obliged to pay to the seller and receive goods and the ownership thereof as agreed.

According to Article 155 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,, purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers mean commercial activities whereby the mandatory conducts the purchase and sale trực tiếp bóng đá hôm nay goods in his/her/its own name under terms agreed upon with the mandator and is entitled to receive mandate commission.

On that basis, the parties in the purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers activities are defined as follows:

- Mandatories: A mandatory for purchase and sale trực tiếp bóng đá hôm nay goods is a trader dealing in goods which are consistent with the mandated goods and conducting the purchase and sale trực tiếp bóng đá hôm nay goods under terms agreed upon with the mandator.

- Mandators: A mandator trực tiếp bóng đá hôm nay purchase and sale trực tiếp bóng đá hôm nay goods may, or may not, be a trader that authorizes a mandatory to conduct the purchase and sale trực tiếp bóng đá hôm nay goods at his/her/its request and pays a commission.

- Mandated goods: All goods which are lawfully circulated may become the subject matter trực tiếp bóng đá hôm nay a mandated sale and purchase.

- Mandate contracts: Mandate contracts for purchase and sale trực tiếp bóng đá hôm nay goods must be made in writing or in other forms trực tiếp bóng đá hôm nay equivalent legal validity.

Sample contract for purchase and sale trực tiếp bóng đá hôm nay goods: Download

Sample contract for purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers:Download

(Pursuant to Articles 3, 155, 156, 157, 158 and Article 159 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,)

2. Can it be entrusted to a third party?

According to the provisions trực tiếp bóng đá hôm nay Article 160 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,, a mandatory shall not be allowed to sub-mandate a third party to perform the signed mandate contract for purchase and sale trực tiếp bóng đá hôm nay goods, except where it is so approved in writing by the mandator.

A mandatory may accept the mandate for purchase and sale trực tiếp bóng đá hôm nay goods from different mandators. (According to Article 161 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,)

Thus, according to the above regulations, the mandatories are not allowed to arbitrarily sub-mandate a third party to perform the signed mandate contract there is the consent trực tiếp bóng đá hôm nay the mandators. The mandatories can freely receive entrustment to buy and sell goods from many different mandators.

3. Rights and obligations trực tiếp bóng đá hôm nay parties related to purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers in Vietnam

Rights and obligations trực tiếp bóng đá hôm nay the mandators

- Rights trực tiếp bóng đá hôm nay mandators

Unless otherwise agreed, mandators shall have the following rights:

+ To request mandatories to supply adequate information on the performance trực tiếp bóng đá hôm nay mandate contracts;

+ Not to bear responsibility in cases where mandatories commit law violations, except for cases specified in Clause 4, Article 163 trực tiếp bóng đá hôm nayCommercial Law No.36/2005/QH11,.

- Obligations trực tiếp bóng đá hôm nay mandators

Unless otherwise agreed, mandators shall have the following obligations:

+ To provide information, documents and means necessary for the performance trực tiếp bóng đá hôm nay mandate contracts;

+ To pay mandate commissions and other reasonable expenses to mandatories;

+ To hand over money and goods as agreed upon;

+ To bear joint responsibility in cases where mandatories commit law violations which are attributable to acts trực tiếp bóng đá hôm nay mandators or intentional law-breaking acts trực tiếp bóng đá hôm nay the parties.

(Pursuant to Article 162 and Article 163 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,)

Rights and obligations trực tiếp bóng đá hôm nay the mandatories

- Rights trực tiếp bóng đá hôm nay mandatories

Unless otherwise agreed, mandatories shall have the following rights:

+ To request mandatory to provide information and documents necessary for the performance trực tiếp bóng đá hôm nay mandate contracts;

+ To receive mandate commissions;

+ Not to bear responsibility for goods handed over to mandators strictly under agreement.

- Obligations trực tiếp bóng đá hôm nay mandatories

Unless otherwise agreed, mandatories shall have the following obligations:

+ To conduct the purchase and sale trực tiếp bóng đá hôm nay goods as agreed upon;

+ To notify mandators trực tiếp bóng đá hôm nay matters related to the performance trực tiếp bóng đá hôm nay mandate contracts;

+ To follow instructions trực tiếp bóng đá hôm nay mandators as agreed upon;

+ To preserve assets and documents assigned to them for the performance trực tiếp bóng đá hôm nay mandate contracts;

+ To keep secret information related to the performance trực tiếp bóng đá hôm nay mandate contracts;

+ To hand over money and goods as agreed upon;

+ To bear joint responsibility for law violation acts trực tiếp bóng đá hôm nay mandators, in cases where such law violation acts are partially attributable to their own faults

(Pursuant to Article 164 and Article 165 trực tiếp bóng đá hôm nay theCommercial Law No.36/2005/QH11,)

Thus, the parties involved must comply with the agreement trực tiếp bóng đá hôm nay the purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers contract, and the mandators and the mandatories can be jointly responsible for each other's violations trực tiếp bóng đá hôm nay the law.

Key word: purchase and sale trực tiếp bóng đá hôm nay goods by mandated dealers | purchase and sale trực tiếp bóng đá hôm nay goods | mandated dealers | Mandatories | Mandators |

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