Spain
Implementing legislationLaw 12/1992 of 27.5.1992
Proper notice
| • | 1 month if less than 1 year |
| • | 2 months if more than or equal to 1 year and less than 2 years |
| • | 3 months if more than or equal to 2 years and less than 3 years |
| • | 4 months if more than or equal to 3 years and less than 4 years |
| • | 5 months if more than or equal to 4 years and less than 5 years |
| • | 6 months if more than or equal to 5 years |
Indemnity or compensation or both
Indemnity for costs and expenses not amortised and incurred due to instructions from principal
Calculation of indemnity/compensation
Capped at a maximum of the average annual commission over last 5 years or, if less than 5 years, over duration of agency
Pre-termination commission
Yes
Post-termination commission
Yes
Back commission
Yes
Other entitlements
Right to inspect principal’s books
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