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Business Contracts

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 5: Agency agreements

    • Title 3: Performance of agency agreement

      • Chapter 1: Obligations of the parties

        • Section 2: Obligations of principal

          • I: Obligation of loyalty and cooperation

489. Obligations of principal

1 minute de lecture

The principal's obligations are governed by Articles 1999 to 2001 of the Civil Code, under which he or she is responsible for reimbursing the agent's expenses and advances, remunerating the agent and compensating the agent for any losses. Where there is more than one principal for the same agent, the co-principals are jointly and severally liable to the agent (Art. 2002). The principal also owes t …

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