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The Law & You: The Duties of an Agent

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Since most agency relationship are established by contract, the agent’s duties and obligation are largely defined by the terms of the contract but additional duties are established by agency  law, unless the contract specifically excludes or modifies them. These duties arise from the trust and confidence that forms the foundation of an agency relationship and are termed fiduciary duties. The status of agency result in a number of duties and obligations between the principal and the agent. Such duties and obligation are normally spelt out in the agency agreement but they can also be implied into the agency agreement.

Duties of an agent to his principal:

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