If the Commercial Agents Regulations are scrapped, it is overwhelmingly likely that agents will lose out on the right to claim compensation from their principals on termination of the agency. Moreover, the author doubts any new UK-made legislation dealing with commercial agents’ activities in the UK (assuming there would be any such legislation) would include the right to claim compensation. Therefore, any right to claim compensation as a result of termination would have to be written into a written contract between the agent and principal, which would be a matter for commercial negotiation.
The point here is that if the Commercial Agents Regulations are scrapped, principals will not be obliged to pay compensation on termination. The implications are that agents, especially those with high-earning agencies, could be terminated without any ramifications. That unfairness is precisely what the Commercial Agents Regulations were designed to remedy, and agents have enjoyed that protection since 1993.