FEATURES OF LEGAL REGULATION OF AGENCY AGREEMENT IN UKRAINE

Abstract

The purpose of the article is to review the existing legal regulation of the agency agreement and to create recommendations of the improvement of legal regulation of agency relations. The emergence of Ukraine as a sovereign and independent state is accompanied by intensive market development. In view of such rapid development of market relations and the direction of European integration chosen by Ukraine, there is a need for proper legal regulation of all the processes that take place. Complex legislative procedures do not always provide timely regulation of economic and civil relations to the extent necessary, so it is advisable to refer participants to such relations to the institute of the treaty. The relevance of the issue of regulation of the agency agreement is due to the fact that the contract is used by participants in various types of economic activities, and therefore there are many specific features about such relations and the content of the contract. This institution has been enshrined in Ukrainian law recently and is not sufficiently defined to date. The basics of legal regulation of agency contracts in Ukraine are explores in this articles. The author defines the main normative legal acts that regulate this issue. The definition of agency contract is also explored. The article deals with the role of agency contract in various types of entrepreneurship. There is also analysis of the development of the agency agreement in other countries, and it is proposed to amend the current legislation to improve the regulation of agency relations. Thus, we can conclude that today the legal regulation of the agency agreement in Ukraine is at a relatively sufficient level. However, there are still some conflicts and gaps in agency law. So there is necessity to introduce such regulation of agency relations, which minimizes the presence of litigation between the parties of agency relationship. The provisions of international treaties on agency relations should also be taken into account and national legislation should be brought into line with the requirements of such treaties, especially in view of Ukraine’s intention to join the European Union, where agency relations are very common.