What are the rights and duties of an agent?

Agent's duties include:

to act on behalf of and be subject to the control of the principal,
to act within the scope of authority or power delegated by the principal,
to discharge his or her duties with appropriate care and diligence,
to avoid conflict between his or her personal interests and those of the principal, and
to promptly hand over to the principal all monies collected on principal's behalf.

Principal's duties include:

to compensate the agent as agreed, and
to indemnify the agent against claims, liabilities and expenses incurred in discharging duties assigned by the principal.

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