An agent must keep accurate accounts of his or her transactions conducted as part of the agency agreement.
The agency agreement serves as the agreement between the parties involves which contains all the terms and condition necessary for the agreement.
It should be noted that An agent must keep accurate accounts of his or her transactions conducted as part of the agency agreement.
An agency agreement can be regarded as the legal contract which is been used when setting up fiduciary relationship whereby first party and second party reach agreementd as regards their actions .
An instance of agency agreement can be seen in the employment setting, in this case, a supervisor can authorizes a worker to carry out certain project, and before the commencement of the project, there will be a draft of the agreement which gives the details of the different duties of the agent.
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