What is the scope of application of ( 3) of 2022 on Regulating Commercial Agencies on Commercial Agency contracts?
The scope of application of ( 3) of 2022 on Regulating Commercial Agencies on Commercial Agency contracts is for contracts in force at the time of its issuance, except after ten (10) years from the date it came into force. However, this exemption does not apply to Commercial Agencies that have been registered for the same Agent for more than ten (10) years or Commercial Agencies where the Agent's investment exceeds One Hundred Million Dirhams (AED 100,000,000).