Contract of agency-12
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This document outlines the terms of a contract of agency. An agency contract establishes a principal-agent relationship where one person, the agent, acts on behalf of another person, the principal. The document specifies the authority and duties granted to the agent by the principal in carrying out the agency relationship.
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This document outlines various ways a contract can be discharged or ended, including:
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2) By agreement or consent through methods like novation, rescission, alteration, or waiver.
3) By impossibility of performance, either existing at the time of agreement or arising later, through destruction of the subject matter, changes in law, or other supervening events.
4) By the lapse of time, operation of law due to events like death or insolvency, or breach of contract terms by one or both parties.