Agency Law in Spain

Implementing legislation

Law 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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