Agency Law and Employment Standards: Key Principles
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Agency Relationships and Legal Criteria
The third party must believe they are dealing with the agent of the principal. Operation of law involves family relationships and emergency circumstances.
Agent Duties to the Principal
- Performance: The agent must use diligence and skill in performing their work.
- Notification: The agent must notify the principal of all relevant matters.
- Loyalty: The agent must act solely for the benefit of the principal.
- Obedience: The agent must follow all lawful and clearly stated instructions; deviation constitutes a violation.
- Accounting: The agent must keep and provide an accounting of all funds and property received.
Principal Duties to the Agent
- Compensation
- Reimbursement and Indemnification
- Cooperation
- Safe working conditions