Common Contracts

Sub-Broking Agreement

February 23rd, 2010

• Filed
  February 23rd, 2010

A general principle of the law of agency is that an agent must carry out his duties personally and has no general powers to delegate his duties. The appointment of a sub- agent or sub-broker will be in breach of this duty unless permitted by the law, expressed or implied agreement, or by the custom or usage of the market in which the agent or broker operates.