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The relationship between an agent and a principal is a contractual one. Therefore, rights and duties of the agent and principal are in accordance with the agency contract. To establish an agency, there must be consent of both the principal and the agent, although such consent may be implied rather than expressed. Duration and Termination of Agency. Rights, Duties, and Liabilities Between Principal and Agent.
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Corporate law is a typical career path for a lawyer. Corporate lawyers have high salaries but they work more than the normal 5 days a week and beyond the typical 8-hour schedule. In smaller firms, the workload is usually heavier and the salary is usually lower.