Article 20 Commercial Agent’s Right to Retain

(Compare Article 51 of the former Commercial Code)

A commercial agent may retain things or securities held on behalf of the principal when the time has arrived for the repayment of claims arising out of agency or brokerage transactions until the time of repayment. Provided however, that this shall not apply where there has been separate indications of intent by the parties.

Disclaimer: This translation is for general reference purposes only and is provided on an “as is” basis with no warranties made whatsoever. Attorney Roderick H. Seeman (licensed in the USA) shall not be responsible for any consequences resulting from the use of this translation. Reliance must be placed on the original Japanese text of the laws. In the text of the translation article headings are added in parenthesis are not in the Japanese language original and are added only for the purposes of enhanced comprehension.

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