Assessing Legal Liability in the Gig Economy

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Assessing Legal Liability in the Gig Economy

TO: Boss
FROM: Your Name
RE: Legal Liability and the Gig Economy

The definition of agency law focuses on the interactions between agents and principals, or situations in which one party has the power to act on behalf of another (Loewenstein, 1). The term “agency” refers to a contract either expressly mentioned or insinuated, whereby one party, referred to as the principal, assigns another party, referred to as the agent, with overseeing a company and carrying out transactions on his behalf or in his name. The agent concurs to control of the company and provide a record of his activities.

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