If an Agent Suffers Losses While Acting for the Principal,the

question 24

True/False

If an agent suffers losses while acting for the principal,the principal has a duty to indemnify the agent for those losses.

---

Definitions:

Liability of Foreignness

The inherent disadvantages that foreign firms experience in host countries due to their non-native status.

Licensing Agreements

Contracts in which one party (the licensor) permits another party (the licensee) to use rights to intellectual property, technology, or product lines.

Intellectual Property

Legal rights that result from intellectual activity in industrial, scientific, literary, and artistic fields, granting the creator exclusive rights to their work.

Licensing

Permission to use another company’s trademarks, patents, copyrights, or expertise.