The word “need” is an important one to emphasise when it comes to the subject of process agents. Using an outsourced process agent administration service is not a general legal requirement. 

However, you might be contracting under English law – for example, to raise a loan from a City institution – and the counterparty may require you to appoint a process agent as part of the contract. This is where the “need” for a process agent comes in, as this service enables the counterparty to enforce the terms of the contract if it becomes necessary. 

As we touched on above, the counterparty in such arrangements is often a lender. So, if you are from outside the UK and are attempting to secure financing or conclude an NDA with a company under English jurisdiction, you might have been told to appoint a process agent in the UK. 

What is a process agent, and what actions do they carry out? 

Basically, a process agent is an independent third party, who is able to receive documents, notices, and court or arbitration proceedings on behalf of a client (which, if we’re following the above example, would be you as the prospective borrower from a UK institution). 

So, if you are looking to enter into a contract in such circumstances and the counterparty demands that you appoint a UK process agent, you won’t have a choice in the matter – you will simply need to do so as part of the contractual terms. 

A process agent, then, effectively provides a layer of protection for the counterparty. It means that if, for instance, you were to default on your loan, the counterparty would be able to serve notices, proceedings or documents to your process agent, and the process agent would accept them on your behalf. 

As the appointer, you will need to have agreed that service at the process agent’s address will constitute proper service for the purpose of the court procedural requirements. 

The actions to take now to set up a process agency arrangement with us 

Here at London Registrars, we have long served as a dependable UK process agent for a wide range of clients. So, if you believe we could be the best outsourced process agent administration service for your needs, a logical first step is to download our process agency brochure for more in-depth information. 

This document will enable you to familiarise yourself with the terms and conditions of our process agency service, as well as our charging policy. The exact fee for this service depends on such factors as the number of agreements to be covered, and how long the agreements will last. 

Also included in the brochure is a form for appointing London Registrars as your UK process agent. After you complete the form and email it back to us, on receipt we will confirm the price, issue an invoice, and provide you with payment details. On the same day we receive payment from you, we will issue our counter-signed agreement. 

By taking these steps, you can ensure you have a process agent in place very quickly – potentially as soon as the same day we receive your instructions and remittance. 

If you have any further questions about our outsourced process agent administration service before you commit, please feel free to ask us. You can speak to Shaheda Begum on 0044 20 7608 0011, or enquire to us via email.