Article 1040. Consequences of the termination of the exclusive right, the use of which is granted under a contract of commercial concession.

If during the period of validity of the contract of commercial concession the validity of the exclusive right, the use of which is granted under this contract, has expired, or such right has been terminated for another reason, the agreement of the commercial concession continues to be valid, except for the provisions relating to the terminated right, and the user contract, shall have the right to demand a proportionate reduction of the remuneration due to the right holder. In the event of the termination of the rights to the company name or commercial designation of the right holder, the consequences are stipulated by clause 2 of Article 1037 and Article 1039 of this Code.

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References to other articles of chapter 54. Commercial concession:
Article 1027. Agreement on commercial concession.
Article 1028. Form and registration of the agreement of the commercial concession.
Article 1029. Commercial subconcession.
Article 1030. Remuneration under the agreement of commercial concession.
Article 1031. Obligations of the copyright holder.
Article 1032. Duties of the user.
Article 1033. Restrictions on the rights of the parties under a commercial concession agreement.
Article 1034. Responsibility of the right holder for the requirements of the user.
Article 1035. The right of the user to enter into a contract of commercial concession for a new term.
Article 1036. Amendment of the agreement of commercial concession.
Article 1037. Termination of a contract of commercial concession.
Article 1038. Preservation of the contract of commercial concession in force at the change of the parties.
Article 1039. Consequences of a change of company name or commercial designation of the holder.