Unless otherwise agreed, mandatories shall have the following rights:

Unless otherwise agreed, mandatories shall have the following rights:

Set-up-company-in-vietnam-Vinasc21. To request mandators to provide information and documents necessary for the performance of mandate contracts;

2. To receive mandate commissions;

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

Article 165.- Obligations of mandatories

Unless otherwise agreed, mandatories shall have the following obligations:

1. To conduct the purchase and sale of goods as agreed upon;

2. To notify mandators of matters related to the performance of mandate contracts;

3. To follow instructions of mandators as agreed upon;

4. To preserve assets and documents assigned to them for the performance of mandate contracts;

5. To keep secret information related to the performance of mandate contracts;

6. To hand over money and goods as agreed upon;

7. To bear joint responsibility for law violation acts of mandators, in cases where such law violation acts are partially attributable to their own faults

SECTION 4. COMMERCIAL AGENCY

Article 166.- Commercial agency

Commercial agency means a commercial activity whereby the principal and the agent agree that the agent, in its own name, sells or purchases goods for the principal or provides services of the principal to customers for remuneration.

Article 167.- Principals and agents

1. Principals are traders that deliver goods to agents for sale or provide money to agents for purchase of goods, or traders that authorize the provision of services to service-providing agents.

2. Agents are traders that receive goods to act as sale agents or receive money to act as purchase agents or accepts the authorization to provide services.

Article 168.- Agency contracts

Set-up-company-in-vietnam-Vinasc2Agency contracts must be made in writing or in other forms of equivalent legal validity.

Article 169.- Forms of agency

1. Off-take agency is a form of agency whereby the agent definitely sells or purchases a specific quantity of goods or provides a full service for the principal.

2. Exclusive agency is a form of agency whereby a sole agent is authorized by the principal to sell or purchase one or more goods items or to provide one or more types of services within a given geographical area.

3. General goods sale or purchase or service provision agency is a form of agency whereby an agent organizes a network of sub-agents to sell or purchase goods, or provide services for the principal.

The general agent represents the network of sub-agents. Sub-agents operate under the management and in the name of the general agent.

4. Other forms of agency agreed upon by the parties.