Management of Employee Conduct: Agency Law Framework

Management of Employee Conduct: Agency Law

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Management of Employee Conduct: Agency Law Framework

The concept of agency law focuses on the interactions between agents and principals, or situations in which one party has the ability to perform actions on behalf of someone else. Employer-employee, administrator-executor and guardian-ward relationships are a few that are frequently linked to agency law (Hilal & Bryan, 1). A union or a firm may act as both the principal and the agent in contracts that lead to the formation of agency-type relationships. The term “agency” refers to an agreement, either clearly indicated or insinuated, whereby one individual, referred to as the principal, assigns another individual referred to as the…