Agency Authority & Termination - Employment Law

A relationship built on trust

• compensation

• fiduciary

• indemnification

• reimbursement

Fair pay for a job

• compensation

• fiduciary

• indemnification

• reimbursement

The principal must pay the agent for any money the agent spent on behalf of the principal

• compensation

• fiduciary

• indemnification

• reimbursement

The principal must pay the agent for any losses the agent suffered on behalf of the principal

• compensation

• fiduciary

• indemnification

• reimbursement

A master (principal) is liable for the wrongful acts of his or her servant (agent)

• actual notice

• notice by publication

• respondeat superior

Formal notice given directly to third parties, usually by certified mail

• actual notice

• notice by publication

• respondeat superior

Notice given to the general public, usually by publication in a newspaper

• actual notice

• notice by publication

• respondeat superior

Means an agent must deal honestly with other parties and not seek personal gain or commit fraud

• cooperation

• good faith

• loyalty

• judgement

Means agents must not work for one of the principal’s competitors or make deals that benefit themselves

• cooperation

• good faith

• loyalty

• judgement

Means a principal has an obligation not to interfere with an agent and make it difficult or impossible for an agent to carry out his or her duties

• cooperation

• good faith

• loyalty

• judgement