In this lesson, dive into the nitty-gritty of an agent's rights and remedies with Nick Palazzolo, CPA. Nick conveys the essential rights of agents such as the right to compensation, reimbursement, indemnification, and information, emphasizing the interplay between these rights and the principal's duties. Delving deeper, the lesson covers the particulars, like the right to clear instructions and even the possibility of a lien over the principal's property. The conversation also touches on the agent's right to legal remedies and the circumstances under which an agent can terminate an agency relationship or sue for damages, reinforcing the importance of knowing what protections and courses of action are available to an agent in the face of a principal's breach of agreement.
This video and the rest on this topic are available with any paid plan.
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