Rights and Obligations of the Parties
Dig deeper into the agency relationship with this discussion of the respective rights and obligations of agents and principals, and the remedies available to each in case of breach.
Welcome to our discussion on the rights and obligations of parties in an agency relationship! Let’s dive right in.
In this clip, we’ll focus on the duties and obligations owed by an agent to a principal, as well as the duties owed by a principal to an agent. Those duties may arise out of the parties’ contractual agreement or be implied by law. In addition, we’ll take a look at the various remedies available to principals and agents when a breach occurs.
The definition of agency set forth in...