ZMI Services - A Private Detective Agency (978) 562-9152 or (239) 292-9568 No Obligation Quote
Surveillance • Senior Concerns • Discovery • Company Theft • Legal Research

Go Back   ZMI Services > Potential Client [guest] > PI Wiki

PI Wiki - Information rich repository of words and terminology used in investigative and insurance industries.
 
 
LinkBack Wiki Tools Search Wiki
  #1  

PI Wiki Agent

An Agent's primary duty is to be loyal to the Principal. (client) This involves duties: not to accept any new obligations that are inconsistent with the duties owed to the Principal. Agents can represent the interests of more than one Principal, conflicting or potentially conflicting, only on the basis of full and timely disclosure or where the different agencies are based on a limited form of authority to prevent a situation where the Agent's loyalty to any one of the multiple Principals is compromised. For this purpose, express clauses in the agreement signed by each Principal with the Agent may identify specific types or categories of activities that will not breach the duty of loyalty and so long as these exceptions are not unreasonable, they will bind the Principals. In return, the Principal must make a full disclosure of all information relevant to the case so that the Agent is able to negotiate effectively and pay the Agent either the commission or fee as agreed, or a reasonable fee if none was agreed. An Agent who reasonably incurs expenses is also entitled to reimbursement.


Contributors: supervisor
Created by supervisor, 07-20-2010 at 07:30 am
Last edited by supervisor, 03-06-2011 at 12:00 pm
0 Comments, 110 Views
 
Tags
agency, agent


Wiki Tools Search Wiki
Search Wiki

Advanced Search
ZMI Services on Facebook ZMI Services on Youtube ZMI Services on MySpace Purchase a Gift Certificate for a Loved One Contact ZMI Services ZMI Services RSS Feed Follow ZMI Services on Twitter
Investigative Needs for the Insurance Industry and Public
vBulletin® Copyright 2000-2010 Jelsoft Enterprises Limited