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Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.
Add employment details. Agreement to employers policies, rules & regulations. Mention position related responsibilities. Compensation package. Vacation contract. Employee benefits contract. Add probation period details. Performance reviews. Termination.
Types of Employment Contracts: Permanent employment, temporary employment and independent contractors.
Write the Title. When you proceed to type out your employment agreement, you should title your draft. State the Parties. Every employment agreement needs to clearly identify and state the parties. List Terms and Conditions. Outline Position Duties. Be Clear on Compensation. Add Other Clauses. Use These Contract Terms.
Explanation: In a contract of agency, the principal employs agent on his own behalf to represent him before a third person with or without the consideration to the agent. It is also important that the agent shall act as per the directions of the principal.
When one party delegates some authority to another party whereby the latter performs his actions in a more or less independent fashion, on behalf of the first party, the relationship between them is called an agency. Agency can be express or implied.
While the contract of agency has been very diligently explained under chapter 10 (section 182-238) of the Indian Contract act, 1872 and by the Hon'ble courts of justice, time and again; A contract of agency, in its essence, is nothing but a fiduciary relationship between two parties where one party (the principal)
Express Agency. Implied Agency. Implied agency arises when there is any conduct, the situation of parties or is necessary for the case.