The agent has the following duties:

1) Duty not to deal with the principal as an adverse party. For example, an agent cannot, without the
principal's knowledge, purchase goods from the principal if the principal has retained the agent to sell
those goods.

2) Duty to refrain from acquiring a material benefit. There is a requirement to refrain from acquiring a
material benefit in connection with transactions undertaken on the principal's behalf.

3) Duty not to usurp a business opportunity. This duty arises when either the nature of an opportunity
or the circumstances under which the agent learned of it require the agent to offer the opportunity to
the principal.

4) Duty not to compete. An agent has a duty to refrain from competing with the principal concerning
the subject matter of the agency and from assisting the principal's competitors.

5) Duty to disclose--multiple principals. An agent who acts for more than one principal in a transaction
between or among them owes duties of disclosure, good faith, and fair dealing to each.

6) Duty not to use the principal's confidential information. An agent has a duty to refrain from using
the principal's confidential information for the benefit of anyone other than the principal, including the
agent.

The agent has the following performance-based duties:

1) Contractual duties. An agent has an implied duty to act in accordance with the terms of any contract
between the parties.

2) Duty of care. An agent has a duty to act with care, competence, and diligence normally exercised by
agents in similar circumstances, as reflected by local standards.

3) Duty of obedience. An agent must act within the scope of his/her actual authority and comply with
reasonable instruction.

4) Duty to provide information. An agent has a duty to provide relevant information to the principal
pertaining to the subject matter of the agency and that the agent knows the principal would wish to
have.

5) Duty to keep and render accounts. An agent has a duty to keep the principal's property separate
from the agent's property. Also, an agent has a duty to keep and render an accounting of the principal's
money and other property.
Rights of Agents.

1. Right of Retainer: Agent has right to deduct the amount which is due to him by
principal, from amount payable to principal.
2. Right of stoppage in transit: In case where agent is personally liable, he has right
to stop the goods in transit. The good may be moving towards customer or principal.
3. Right to claim Remuneration: As per the terms of agency contract, agent has
rights to claim remuneration.
4. Right of Indemnity: Principle of indemnity gets operated between principal and
agent where principal is implied indemnifier and agent is implied indemnity holder.
So agent can make principal answerable for all types of sufferings.
5. Right of lien: Agent can exercise right of lien but contract act has not specified
whether it is general lien or particular lien. Therefore the nature of agent’s lien
depends upon mutual understanding