American bacon drafting: Difference between revisions
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! In the Packet !! In the Pan | ! In the Packet !! In the Pan | ||
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|The Agent agrees to perform its obligations under this Agreement in good faith and in compliance with the instructions it may receive from time to time from Principal and with the provisions of the applicable laws, rules and regulations of the jurisdiction(s) in which the Agent and/or Principal conducts business (collectively, the “'''Relevant Laws'''”). The Agent agrees to maintain any and all registrations and licences under the Relevant Laws applicable to its operations in connection with the services performed pursuant to this Agreement. | |The Agent agrees to perform its obligations under this Agreement in good faith and in compliance with the instructions it may receive from time to time from Principal and with the provisions of the applicable laws, rules and regulations of the jurisdiction(s) in which the Agent and/or Principal conducts business (collectively, the “'''Relevant Laws'''”). The Agent agrees to maintain any and all registrations and licences under the Relevant Laws applicable to its operations in connection with the services performed pursuant to this Agreement. The Agent is solely and exclusively responsible for compliance with all activities of his agents, servants, employees, partners and principals. | ||
The Principal agrees to perform its obligations under this Agreement in good faith and in compliance with the provisions of the applicable laws, rules and regulations of the jurisdiction(s) in which the Agent and/or Principal conducts business (collectively, the “'''Relevant Laws'''”).<ref>Redundant definition is a nice touch.</ref> The Agent agrees to maintain any and all registrations and licences under the Relevant Laws applicable to its operations in connection with the services performed pursuant to this Agreement. The Agent is solely and exclusively responsible for compliance with all activities of his agents, servants, employees, partners and principals. | The Principal agrees to perform its obligations under this Agreement in good faith and in compliance with the provisions of the applicable laws, rules and regulations of the jurisdiction(s) in which the Agent and/or Principal conducts business (collectively, the “'''Relevant Laws'''”).<ref>Redundant definition is a nice touch.</ref> The Agent agrees to maintain any and all registrations and licences under the Relevant Laws applicable to its operations in connection with the services performed pursuant to this Agreement. The Agent is solely and exclusively responsible for compliance with all activities of his agents, servants, employees, partners and principals. | ||
| | |The parties must act in [[good faith]],<ref>Almost certainly implied into the agency relationship.</ref> comply with law,<ref>Definitely implied into any contract.</ref> and ensure they have appropriate authorisations to carry out the contract.<ref>Also implied.<ref> the Agent must follow the principal’s instructions.<ref>Also implied.</ref> | ||
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