This is “Relationships between Principal and Agent”, chapter 20 from the book Legal Basics for Entrepreneurs (v. 1.0). For details on it (including licensing), click here.

For more information on the source of this book, or why it is available for free, please see the project's home page. You can browse or download additional books there. You may also download a PDF copy of this book (10 MB) or just this chapter (430 KB), suitable for printing or most e-readers, or a .zip file containing this book's HTML files (for use in a web browser offline).

Has this book helped you? Consider passing it on:
Creative Commons supports free culture from music to education. Their licenses helped make this book available to you. helps people like you help teachers fund their classroom projects, from art supplies to books to calculators.

Chapter 20 Relationships between Principal and Agent

Learning Objectives

After reading this chapter, you should understand the following:

  1. Why agency is important, what an agent is, and the types of agents
  2. What an independent contractor is
  3. The duties owed by the agent to the principal
  4. The duties owed by the principal to the agent