Sub-agent


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SUB-AGENT. A person appointed by an agent to perform some duty, or the whole of the business relating to his agency.
     2. Sub-agents may be considered in two points of view. 1. With regard to their rights and duties or obligations, towards their immediate employers. 2. As to their rights and obligations towards their superior or real principals.
     3.-1. A sub-agent is generally invested with the same rights, and incurs the same liabilities in regard to his immediate employers, as if he were the sole and real principal. To this general rule there are some exceptions for example, where by the general usage of trade or the agreement of the parties, sub-agents are ordinarily or necessarily employed, to accomplish the ends of the agency, there, if the agency is avowed, and the credit is exclusively given to the principal, the intermediate agent may be entirely exempted from all liability to the sub-agent. The agent, however, will be liable to the sub-agent, unless such exclusive credit has been given, although the real principal or superior may also be liable. Story on Ag. Sec. 386; Paley on Ag. by Lloyd, 49. When the agent employs a sub-agent to do the whole, or any part of the business of the agency, without the knowledge or consent of his principal, either express or implied, the latter will only be entitled to recover from his immediate employer, and his sole responsibility is also to him. In this case the superior or real principal is not responsible to the sub-agent, because there is no privity between them. Story on Ag. Sec. 13, 14, 15, 217, 387.
     4.-2. Where by an express or implied agreement of the parties, or by the usages of trade, a sub-agent is to be employed, a privity exists between the principal and the sub-agent, and the latter may justly maintain his claim for compensation, both against the principal and his immediate employer, unless exclusive credit is given to one of them; and, in that case, his remedy is limited to that party. 1 Liv. on Ag. 64; 6 Taunt. R. 147.

References in classic literature ?
Loose, the sub-agent of the mixed band of the Senecas, Quapaw, and Shawnees, and Mr.
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In addition, a sub agent of a managing general agent, may not have the leverage to negotiate his or her contract terms, as payment to the sub-agent may be dependent on the carrier's payment to and ongoing relationship with the managing general agent, but it is a good idea to review any applicable contracts to avoid surprises.
Immediate reply will be given through this SMS service enabling the people to get awareness about unregistered, sub-agent and without quota companies.
Bloom Burton Securities has been engaged as the company's agent for the Offering and the Agent has appointed Northland Securities as sub-agent with respect to the offer and sale of the Units in the United States.
JPMorgan Chase Bank N.A., (JPMCB) is the administrative sub-agent and custodian for the program.
As part of the evening's presentation, Dadabhai Travel's Managing Director Aziz Gilitwala announced that the Al Tayyar Travel Group is to be Dadabhai's authorized sub-agent for the sale of the 2018 FIFA World Cup Russia Official Hospitality Programme in Saudi Arabia.
Dadabhai Travel has appointed Oman's Travel Point as its authorized sales sub-agent for the sale of the 2018 Fifa World Cup Russia Official Hospitality Programme in the sultanate.
It added that authenticity of the group organizers could also be checked through nearest Haji camp, and to avoid fraud, Hajj dues should not be paid to any irrelevant person, sub-agent or institution.
Pyfrom's actions and she misappropriated monies in a variety of ways," Max Peeples, a sub-agent of the liquidating agent, the NCUA, wrote in an affidavit filed in U.S District Court.
TravRays has a Business on Agent office (BOA) which is a fully integrated ERP solution, GSA, Sub-Agent and Reseller model.