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Structural division: BOOK ONE › parts › CHAPTER FIVE
Article 54 — Definition
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ A commercial broker is a person or business organization who, independently, professionally and for gain, brings parties together for the purpose of their entering into an agreement such as a contract of sale, lease, insurance or carriage.
2/ A commercial broker is a trader, regardless of the parties he brings together and of the nature and object of the contract for the completion of which he acts as an intermediary.
3/ Unless specifically stated in the contract between the two parties, a commercial broker shall not receive remuneration on behalf of the parties or undertake any activity towards implementation of the contract between the two parties.