Igor Has Just Started a Job and Is Telling You

question 237

Short Answer

Igor has just started a job and is telling you about the reciprocal obligations and promises between him and his organization or what others refer to as a ________.

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Definitions:

Agency Relationship

A legal relationship in which one party, the agent, is authorized to act on behalf of another party, the principal, in conducting business transactions.

Independent Contractor

One who contracts to do a job and who retains complete control over the methods employed to obtain completion.