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Commercial Act — Article 92-2 (Commercial Agents' Right to Request Compensation)

상법 제92조의2

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) If a principal obtains new customers or his/her business transactions increase substantially through the activities of his/her commercial agent, and he/she receives profits therefrom even after the contract is terminated, the agent may request reasonable compensation from the principal, except when the contract is terminated by any reason attributable to him/her.

(2) The amount of compensation pursuant to paragraph (1) may not exceed the average annual remuneration for the last five years before the contract is terminated. If the term of the contract is less than five years, it shall be based on the average annual remuneration for such period.

(3) A claim for compensation pursuant to paragraph (1) shall be extinguished after six months has elapsed from the termination of the contract.[This Article Newly Inserted by Act No. 5053, Dec. 29, 1995]

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