What Is A Sub Agency Agreement

However, compensation does not extend to matters arising from intent or negligence on the part of the sub-agent. Although the standard FONASBA agency contract contains a similar clause obliging the line shareholder to compensate the agent, most agreements drafted by line companies or their lawyers do not contain such a provision. It is therefore important that staff endeavour to negotiate the inclusion of such a clause when they are first appointed by a new line manager. The Court of Appeal agreed with the client. However, it was clear from the Court of Appeal`s decision that the idea that sub-agents could not benefit from the regulations concerned the Court of Appeal. To address these concerns, the Court of Appeal held that sub-agents should be entitled to a share of what they received as compensation (or compensation) from the principal. . . .