Explain Some of the Measures Taken to Reduce the Agency

question 70

Essay

Explain some of the measures taken to reduce the agency conflict problem.

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Definitions:

Third-Party Beneficiary

An individual or entity that is not directly involved in a contract but stands to benefit from it as specified by the contracting parties.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights with respect to each other.

Listed Party

An individual or entity that appears on a list due to certain criteria, often used regarding sanctions, where listed parties are restricted from certain transactions and relationships.

Enforceability

The ability of a legal document or agreement to be upheld or compelled by law in a court of justice.