The contract of Agency between the principle and agent is normally in writing .However ,it may be verbal .It contains the terms and condition s relating to the conduct of the agency and the remuneration payable to agent.
Unlike an employee,the agent is an independent businessman who is not required to devote any specified time to the amount of business he has transacted.
Frequently,a considerable portion of time is spent of agency business outside the normal business hours.
An agent is under a duty to perform his work with care,skill and diligence and also to comply with the terms of his agency agreement.
Unlike an employee,the agent is an independent businessman who is not required to devote any specified time to the amount of business he has transacted.
Frequently,a considerable portion of time is spent of agency business outside the normal business hours.
An agent is under a duty to perform his work with care,skill and diligence and also to comply with the terms of his agency agreement.
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