Vero Consulting are highly experienced at helping principals ensure they pay the appropriate compensation* to their former agents on termination of the commercial agency agreement. Drawing on our wide experience we work with principals and their lawyers throughout the process to ensure that fair compensation is paid to the agent.
When an agency ends or is terminated, an agent may ask the principal for compensation*. We will support the principal and their legal team to quantify the reasonable compensation payable in accordance with the Regulations and latest case law. We also help the principal respond to an agent’s compensation claim, assist during negotiations, mediations and throughout this challenging process.
We have acted in many compensation cases and most have settled following negotiations. We have also given evidence in several leading reported cases (further details here). In every case where we acted for the principal we have helped ensure the principal only pays the fair compensation due.
In exceptional cases when claims do not settle by negotiation, we have prepared expert witness reports on the compensation due in compliance with the Civil Procedure Rules on expert evidence and given oral evidence in court or at arbitration in support of our opinion.
In addition, drawing on this wide experience we can advise principals on managing the risk of large claims by designing strategies to reduce their exposure to large compensation claims.
We utilised the services and expertise of Mr Charles Lazarevic of Vero Consulting Limited during a recent agency valuation project. We found his knowledge and understanding of the area to be highly professional and extremely competent, we were able to completely trust the advice he presented to us. His ability to provide “real world” experience in the matter was invaluable.
I would wholeheartedly recommend Vero Consulting in any agency valuation matter.
Charlie Pillans, CEO, Q Medical Technologies Ltd
* Regulation 7, 8 and 17, The Commercial Agents (Council Directive) Regulations 1993
The team have acted in numerous cases across a wide range of industries, including:
multi-agency businesses
soft drinks
personal healthcare products
branded footwear
tobacco products
bathroom appliances
software
freight forwarding
air cargo
industrial precision measuring equipment
shipbuilding
aircraft spares
bulk handling equipment
medical supplies
medical diagnostic equipment
Want to learn more about our forensic accounting services?
We would be delighted to hear from you and to discuss on a “without commitment” basis how we may be able to help you. Click on one of the icons to contact us, read testimonials or to read our case studies and judgments where we have given evidence.
