1. Agency Law-

2. What is a Principal ? A party who delegates authority to another party

3. What is an Agent? –A party who agrees to act on behalf of another party

4. Duties of Principal to Agent Compensation Indemnification Cooperation Safety

5. Duties of Agent to Principal Loyalty Obedience Due Care Notification Accounting

6. Creation of the principal/agent relationship The key is the delegation of authority –express –incidental –implied –apparent –emergency –estoppel –ratification

7. Termination of the principal/agent relationship By agreement By events By operation of law –regardless of how the relationship is terminated, NOTICE IS KEY

8. Liability for Contracts Issues –what authority does the agent have? –What type of principal do we have? Disclosed Partially Disclosed Undisclosed

9. Liability for Torts Is the agent an independent contractor or an employee? –Control is Key If the agent is an employee, was he acting within the scope of his authority? –Instructions –Detour/ Frolic –Intentional Torts/ Crimes