Agency Law and the Global Economy

Paper Summary:

This paper takes a look at how the advent of e-business has caused many businesses to re-examine many legal issues regarding international trade, particularly in the area of dispute resolution. This paper briefly examines how e-business and the global economy have changed the way many think about agency law.

Outline:
Applications of Agency Law in the Business Environment
Types of Business Entities
E-business and the Global Legal Environment

From the Paper:

"Agency law represents a specific set of concepts and doctrines that are applicable to a number of situations in which a person's conduct can have ramifications for the legal position of an entity (Demott, 2006). The actions of a single employee can have an impact on agency liability. Agency law defines the circumstances under which a relationship can be classified as an agency relationship, rather than as the actions of individuals. This can arise from the creation of rights and obligations regarding a transaction, the agent's knowledge of the action, and amount of liability that the agency derives from the acts of the individual. "

Sample of Sources Used:

• American Arbitration Association (AAA) (2006). International Dispute Resolution Procedures (Including Mediation and Arbitration Rules). Amended and Effective 1 May, 2006. Retrieved September 30, 2006 from http://www.adr.org/.
• Demott, D. (2006). Agency Law in Cyberspace. In Press. Australian Law Journal 80. Retrieved September 30, 2006 from http://eprints.law.duke.edu/archive/00001322/01/80_Aus._Lw._J.pdf.
• Thompson, Robert B., "Agency Law and Asset Partitioning" . University of Cincinnati Law Review, 2003 Available at SSRN: http://ssrn.com/abstract=429620 or DOI: 10.2139/ssrn.429620.

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