Notice Periods in Commercial Agency Agreements

 Revija Kopaoničke škole prirodnog prava

We are pleased to present a new expert analysis on the legal framework governing notice periods for the termination of commercial agency agreements under Serbian law.

The author, Ljubica Tomic explores in this paper the rules surrounding regular termination, which is not based on breach of contract, but is instead subject to statutory notice periods designed to protect business stability—particularly for the commercial agent, often considered the weaker party in the contractual relationship.

The paper also examines the concept of immediate termination, analyzing the legal standards for its application in both Serbian and comparative EU law. The findings highlight that the Serbian Law on Obligations is not fully harmonized with EU regulations, while the Draft Serbian Civil Code reflects a more aligned approach.

Importantly, the author emphasizes the need for contracting parties to clearly define notice periods, termination procedures, and grounds for immediate termination within their agreements, in order to ensure legal certainty and minimize risk.

Read the full article to better understand how to structure commercial agency agreements in compliance with current and evolving legal standards.