Based on the information available, COCOO Ltd. is a London-based public affairs charity dedicated to promoting the public interest by aligning incentives and adopting communication strategies with worldwide public companies, governments, and institutions. The organization identifies and enforces solutions against potential and actual systemic distortions in national and global markets and industries.
Draft Agency Agreement for Non-Reserved Legal Activities
This Agency Agreement (“Agreement”) is made and entered into as of [Date], by and between COCOO Ltd., a company registered in England and Wales with its principal office at [Address] (“Agent”), and [Client Company Name], a company incorporated and existing under the laws of [Country], with its registered office at [Address] (“Principal”).
Recitals
WHEREAS, the Principal has been affected by certain practices that may constitute violations of competition law;
WHEREAS, the Principal desires to engage the Agent to provide specific services related to these potential competition law violations;
WHEREAS, the Agent agrees to provide such services, which are classified as non-reserved legal activities under the Legal Services Act 2007.
Agreement
1. Appointment of Agent
The Principal hereby appoints the Agent to act on its behalf to provide the services described herein, and the Agent accepts such appointment, subject to the terms and conditions of this Agreement.
2. Scope of Services
The Agent shall provide the following services to the Principal:
a. Advising on matters related to competition law violations pertinent to the Principal’s circumstances.
b. Assisting in the preparation of documents and correspondence related to the identified competition law issues.
c. Engaging in communications with relevant third parties, including regulatory bodies, on behalf of the Principal.
d. Providing strategic advice and support in relation to the Principal’s response to the competition law matters.
The services provided by the Agent shall be limited to non-reserved legal activities as defined under the Legal Services Act 2007.
3. Agent’s Authority
The Agent is authorized to act on behalf of the Principal solely for the purposes described in this Agreement. The Agent shall not have the authority to bind the Principal to any contractual obligations without the Principal’s express written consent.
4. Compensation
In consideration for the services rendered by the Agent, the Principal agrees to pay the Agent a fee of [Fee Structure], payable [Payment Terms].
5. Confidentiality
The Agent agrees to maintain the confidentiality of all information provided by the Principal and shall not disclose any such information to third parties without the Principal’s prior written consent, except as required by law.
6. Term and Termination
This Agreement shall commence on the date first above written and shall continue until the services are completed or until terminated by either party upon [Notice Period] written notice.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of England and Wales.
8. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, representations, or understandings, whether written or oral, concerning the subject matter herein.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
COCOO Ltd.
By: ___________________________
Name: _________________________
Title: __________________________
[Client Company Name]
By: ___________________________
Name: _________________________
Title: __________________________
Potential Client Companies
COCOO Ltd. may consider reaching out to companies that have been identified as victims of competition law violations. For instance, in November 2023, the Financial Conduct Authority (FCA) fined three money transfer firms for price-fixing in Glasgow. Companies that were adversely affected by this cartel behavior could be potential clients.
Additionally, in March 2023, the Competition and Markets Authority (CMA) fined 10 construction firms nearly £60 million for illegally colluding to rig bids for demolition and asbestos removal contracts. Companies that lost out on contracts or faced unfair competition due to this bid-rigging could also be prospective clients.
Furthermore, companies affected by anti-competitive practices in the tech industry, such as those influenced by Google’s alleged abuse of its dominant position in the ad tech sector, may seek assistance. The CMA’s provisional findings in 2024 indicated that Google’s practices could have harmed competitors and consumers.
By offering non-reserved legal services, COCOO Ltd. can support these companies in addressing the repercussions of competition law violations.