In today’s world, understanding your rights is crucial for protecting yourself in both personal and professional realms. Legal terms, statutes, and regulations can often seem daunting and confusing, but knowing your basic legal rights can empower you to make informed decisions and defend yourself in various situations. This guide aims to simplify key concepts, explain where to seek help, and provide you with the knowledge to navigate the legal maze with confidence.
Who is an Agent
An agent is defined as a person employed to perform any act for another or to represent another in dealings with third persons. The person for whom the act is done, or who is represented, is called the principal. The legal relationship of agency is based on the principle that he who acts through another, acts for himself
Duties of the Agent to the Principal
Specialized Types of Agents
Termination of Agency
An agency is terminated by:
Liability to the Principal:
An agent is liable to compensate the principal for the direct consequences of their neglect, want of skill, or misconduct. They are also liable to pay the principal all sums received on the principal’s account, subject to authorized deductions
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Laws and regulations can change. For specific legal advice regarding your situation, consult with a qualified attorney.
