A registered agent is basically a company’s representative and public face for the purpose of receiving legal papers. The contract duties are to warn the agent of hazards associated with the job, to avoid interfering with the agent’s performance of his job, to render accounts of money due the agent, and to indemnify the agent for business expenses according to their agreement.

As a result, based on the indoor management rule, the third party or contractor can assume that “There have been no procedural defects in the appointment of directors; a directors’ board meeting has been properly called and held; and any board (or general meeting) approval required under the company’s constitution or the CA’s replaceable rules has been obtained” . How can the content in this section help you demonstrate mastery of the learning outcome?

An agency will arise where one person called the principal authorizes another person called the agent to perform certain acts on behalf of the principal which will create legal contract between principal and third parties. If the loss is partial (like partial loss of sight), the recovery is decreased by the percentage still usable. For example, Washington State’s 2011 proposed hourly rates for employers to purchase insurance include these items: for egg and poultry farms, $1.16 per hour; shake and shingle mills, $18.06 per hour; asphalt paving, $2.87 per hour; lawn care maintenance, $1.22 per hour; plastic products manufacturing, $0.87 per hour; freight handling, $1.81 per hour; supermarkets, $0.76; restaurants, $0.43; entertainers and dancers, $7.06; colleges and universities, $0.31.Washington State Department of Labor & Industries, Rates for Workers’ Compensation, Proposed 2011 Rates, http://www.lni.wa.gov/ClaimsIns/Insurance/RatesRisk/Check/RatesHistory.

In actual authority, the company is more protected by the law than the outsider because if the agent works exceed their authority, the company will not be bound into the contract.

Agents can help you reach markets you could not otherwise target, or not target as economically - for example, if you are a new business, or venturing into a new, unknown market. The law infiltrates the contract creating the agency relationship and reverses the general principle that the parties are free to act in the absence of agreement. Restrictions on the agent's activities after termination must be agreed in advance, in writing. Beware creating an agency inadvertently. The imputation to the principal of knowledge possessed by the agent is strict: even where the agent is acting adversely to the principal’s interests—for example, by trying to defraud his employer—a third party may still rely on notification to the agent, unless the third party knows the agent is acting adversely. If a link has a * this means it is an affiliate link. This prohibition extends to information gleaned from the principal though unrelated to the agent’s assignment: “[A]n agent who is told by the principal of his plans, or who secretly examines books or memoranda of the employer, is not privileged to use such information at his principal’s expense.”Restatement (Second) of Agency, Section 395. Until the 1970s, insurance companies and compensation boards required physical injury before making an award. The amount the employer has to pay for the insurance depends on the number and seriousness of claims made—how dangerous the work is. Approximately half the states now provide coverage for household workers, although the threshold of coverage varies widely from state to state. Workers’ compensation is a no-fault system.

Agency is an agreement, express, or implied, by which one of the parties, called the principal, entrusts to the other, called the agent, the management of some business; to be transacted in his name, or on his account, and by which the agent assumes to do the business and to render an account of it. After that, he ordered a printing press using company order form.

However, too much control can inadvertently create an employment relationship with the agent - take advice if you want to impose major restrictions. It is important to take advice on your potential liability to make termination payments if things go wrong - the law is complex, and you can end up paying significant sums.

The duty contains several aspects. In those states the employer may decline to participate, in which event the employee must seek redress in court. There are many types of businesses nowadays such as joint venture, partnership or association. Most agents are self-employed - ie they are not employees of your business. Service of process, for example, requires a defendant to answer within a certain number of days; an agent’s failure to communicate to the principal that a summons has been served may bar the principal’s right to defend a lawsuit. At one time, Sharp’s son invented a leakproof bolt and a process to manufacture it; these, too, were assigned to Sharp.

Washington State Department of Labor & Industries, Section 11.3.3 “Breach of Fiduciary Duty”, Note 11.16 “Kansas Workers’ Compensation Benefits for Specific Injuries”, http://www.kslegislature.org/li/statute/044_000_0000_chapter/044_005_0000_article/044_005_0010d_section/044_005_0010d_k/, http://www.lni.wa.gov/ClaimsIns/Insurance/RatesRisk/Check/RatesHistory, Section 11.3.2 “Employee versus Independent Contractor”, Section 11.3.4 “Workers’ Compensation: What “Injuries” Are Compensable?”, http://2012books.lardbucket.org/books/the-legal-environment-and-business-law-executive-mba-edition/s14-relationships-between-principa.html, CC BY-NC-SA: Attribution-NonCommercial-ShareAlike. These inventions were developed in the company’s plants at its expense. In addition, if the outsider does not make inquiries that would normally or customarily be made by an outsider in their position, the court could also deny the indoor management rule which is applied to this case . This duty states a truism but is one for which there are limits. Why were workers’ compensation statutes adopted in the early twentieth century?

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