The UAE Agency Law which has been in place since 1981 has been repealed and replaced by a new law, Federal Law No. 3 of 2022 Regulating Commercial Agencies which comes into force on 16 June 2023. The new law still provides protection for agents against the termination of the agency contract, which goes beyond the terms of the contract. However, this protection has been reduced and now provides greater balance between principals and agents. The de facto exclusivity which agents had under the old law continues under the new law.
This resource was originally published on the website of Eversheds Sutherland on February 1, 2023.
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Region:
United Arab Emirates
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