Rights of
Agents
§ Right to
compensation, reimbursement, indemnification and cooperation.
§ Agent can
withhold performance and demand an accounting.
§ Agent can
recover damages for past services and future damages.
Principal’s
Rights and Remedies:
§
Contract
remedies for breach of fiduciary duty and performance.
§
Can
sue in tort: libel, slander, trespass, deceit, fraud.
§
Constructive
Trust – money/ property agent steals from Principal.
§
Avoidance
of contract if agent does not do as told.
§
Indemnification
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