This article discusses drafting solutions to enable principals to rapidly recover compensation from their agents for losses caused by the agent’s negligence. The article focuses on the importance of ensuring that the agency agreement defines the method of computing the compensation the agent would have to pay if he is found to be negligent. Keywords: Agency…
This article discusses drafting solutions to ensure rapid resolution of disputes where an Agent, without the consent of his Principal or without disclosing all material facts about the subject matter of the agency, deals in the Principal’s business on his account, i.e., profits from his position as an Agent. The article focuses on cases where…
This article discusses solutions to enable rapid resolution of disputes between a principal and agent over how the agent has conducted the principal’s business. The article deals with solutions to ensure that an agent cannot use ambiguous clauses in agreements to escape liability for negligence or misconduct. Keywords: Agent, Principal, Agency Agreement, Standard Business Practices, Online…