Understanding Agency Law in Beirut

1. Understanding Agency Law in Beirut, Lebanon Agency law in Beirut, Lebanon, plays a vital role in governing the legal relationship between agents and principals in both commercial and civil transactions. It outlines the rights, duties, and liabilities of each party, ensuring that business dealings are carried out responsibly and transparently. In Lebanon, agency agreements are particularly common in the fields of international trade, franchising, and real estate. According to the Lebanese Commercial Code, an agent is authorized to act on behalf of the principal and is legally bound to protect their interests. Contracts must be clearly defined and, in many cases, registered with the Ministry of Economy and Trade to be legally enforceable. Lebanese law recognizes two main types of agency: commercial and civil. Commercial agency is highly regulated and often involves exclusive rights, termination clauses, and compensation for unjust dismissal. Disputes are typically settled in Lebanese courts, with special attention to the nature of the agreement and its compliance with local law. If you're entering into an agency agreement in Beirut, it’s important to consult with a legal expert to ensure full compliance with Lebanese regulations. Proper legal guidance can protect your business interests and avoid future legal complications.