The document outlines the duties and rights of a principal to their agent. The principal has a duty to indemnify the agent against lawful acts and acts done in good faith, but not for criminal acts. The principal is entitled to compensation if the agent breaches their duties, and the principal can revoke the agent's authority if certain conditions are met. The agent's duties constitute rights of the principal.
The document outlines the duties and rights of a principal to their agent. The principal has a duty to indemnify the agent against lawful acts and acts done in good faith, but not for criminal acts. The principal is entitled to compensation if the agent breaches their duties, and the principal can revoke the agent's authority if certain conditions are met. The agent's duties constitute rights of the principal.
The document outlines the duties and rights of a principal to their agent. The principal has a duty to indemnify the agent against lawful acts and acts done in good faith, but not for criminal acts. The principal is entitled to compensation if the agent breaches their duties, and the principal can revoke the agent's authority if certain conditions are met. The agent's duties constitute rights of the principal.
1. Agent to be indemnified against consequences of
lawful acts. 2. Agent to be indemnified against consequences of acts done in good faith. 3. Non-liability for criminal acts 4. Compensation for principal’s neglect Principal’s Right
1. Compensation : The principal is entitled to get
compensation for any breach of duty by the agent 2. Agent’s duties : The agent’s duties are the principal’s right 3. Revocation : The principal can revoke the agent’s authority subject to certain conditions.