Agent's right of retainer permits withholding from principal receipts for advances, proper expenses and payable remuneration. An agent may withhold from funds received on the principal's account amounts due to the agent for advances made, expenses properly incurred in conducting the agency business, and remuneration payable for acting as agent, retaining those sums before accounting to the principal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Agent's right of retainer permits withholding from principal receipts for advances, proper expenses and payable remuneration.
An agent may withhold from funds received on the principal's account amounts due to the agent for advances made, expenses properly incurred in conducting the agency business, and remuneration payable for acting as agent, retaining those sums before accounting to the principal.
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