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DOING BUSINESS IN COSTA RICA

PROTECTION FOR REPRESENTATIVES AND DISTRIBUTORS



By José Antonio Muñoz , Arias & Muñoz
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CHARACTERISTICS OF “THE LAW”

What is the current legislation about Protection of Representatives of Foreign Firms?


As part of Costa Rica’s commitments in DR-CAFTA, the law for the Protection of Representatives of Foreign Firms, (“the law”), underwent a significant modification in late 2007.

In Costa Rica, distribution and representation/agency relationships may now be established for a definite term. Additionally, parties may unilaterally terminate the relationship at any time without a justified reason by simply sending the other party prior notice, so long as this is specified in the contract.
 
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TECNOLOGIA ACCESO & SEGURIDAD TAS S.A.
HOTEL FINCA PANGOLA LTDA. / (Cinco Ceiba)
LATCO TRUST AND ESCROW
D&PL SEMILLAS LTDA
MOOG MDG S.R.L.
OUTSOURCE EMPRESARIAL, S.A
MASTERCARD COSTA RICA
AMERICAS GATEWAY DEV. CORP. (AMEGA LTDA.)
GRUPO DAYTRON
DESARROLLOS PROVERSA, S.A.