The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under his or her control and on his or her behalf. The agent is, thus, required to negotiate on behalf of the principal or bring him or her and third parties into contractual relationship. This branch of law separates and regulates the relationships between:
agents and principals (internal relationship), known as the principal-agent relationship;
agents and the third parties with whom they deal on their principals' behalf (external relationship); and
principals and the third parties when the agents deal.
In 1986, the European Communities enacted Directive 86/653/EEC on self-employed commercial agents. In the UK, this was implemented into national law in the Commercial Agents Regulations 1993.
Service provision is often an economic activity where the buyer does not generally, except by exclusive contract, obtain exclusive ownership of the thing purchased. The benefits of such a service, if priced, are held to be self-evident in the buyer's willingness to pay for it. Public services are those, that society (nation state, fiscal union, regional) as a whole pays for, through taxes and other means.
By composing and orchestrating the appropriate level of resources, skill, ingenuity, and experience for effecting specific benefits for service consumers, service providers participate in an economy without the restrictions of carrying inventory (stock) or the need to concern themselves with bulky raw materials. On the other hand, their investment in expertise does require consistent service marketing and upgrading in the face of competition.
Business services are a recognisable subset of Economic services, and share their characteristics. The essential difference is that Business are concerned about the building of Service Systems in order to deliver value to their customers and to act in the roles of Service Provider and Service Consumer.
The generic clear-cut, complete, concise and consistent definition of the service term reads as follows:
A service is a set of one time consumable and perishable benefits
delivered from the accountable service provider, mostly in close coaction with his internal and external service suppliers,
effectuated by distinct functions of technical systems and by distinct activities of individuals, respectively,
commissioned according to the needs of his service consumers by the service customer from the accountable service provider,
rendered individually to an authorized service consumer at his/her dedicated trigger,
and, finally, consumed and utilized by the triggering service consumer for executing his/her upcoming business activity or private activity.
The IndianNational Shipowners' Association (INSA), has told the DG Shipping that in some places they were facing difficulty in getting services which are essential for the operation of Indianships due to interruption by local law enforcement agencies....
Gavin Newsom to declare a major disaster and for the federal government to provide “mass care,” emergency aid, unemployment assistance and disaster legal services... The president said the FederalEmergency ManagementAgency would ship mobile hospital units to California within the next 48 hours....
Newsom’s request to declare California a major disaster, which allows for “mass care” — emergency aid, unemployment assistance and disaster legal services. President Trump also said that the FederalEmergency ManagementAgency would be shipping mobile hospital beds within the next 48 hours, with California looking to get about 2,000 beds....
MANCHESTER, March 20 -- Moody’s Investors Service has revised its outlook for the global shipping industry to negative from stable following the rapid and widening spread of the COVID-19 outbreak and the deteriorating global economic outlook ... The rating agency said ......
Two Navy hospital ships will not deploy for at ... He added that the ships’ core staff reported Thursday to ready the vessels, and that the service is currently working with the DefenseHealthAgency to identify where the rest of the medical staff will come from to serve on the ships....
Ship deployment timeline ... He added that the ships' core staff reported Thursday to ready the vessels, and that the service is currently working with the DefenseHealthAgency to identify where the rest of the medical staff will come from to serve on the ships....