An agent must not, without the knowledge of his principal1, acquire any profit2 or benefit3 from his agency4 other than that contemplated by the principal at the time of making the contract of agency5. The agent owes a duty of undivided loyalty to the principal, unless the latter has given informed consent to a less demanding standard of duty. The principal, therefore, is entitled to the entire benefit of the agent's acts in the course of his agency6.
This rule may apply even though at the time of the transaction itself the agency has ceased7. The rule applies in spite
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234