The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under his or her control and on his or her behalf. The agent is, thus, required to negotiate on behalf of the principal or bring him or her and third parties into contractual relationship. This branch of law separates and regulates the relationships between:
agents and principals (internal relationship), known as the principal-agent relationship;
agents and the third parties with whom they deal on their principals' behalf (external relationship); and
principals and the third parties when the agents deal.
In 1986, the European Communities enacted Directive 86/653/EEC on self-employed commercial agents. In the UK, this was implemented into national law in the Commercial Agents Regulations 1993.
Service provision is often an economic activity where the buyer does not generally, except by exclusive contract, obtain exclusive ownership of the thing purchased. The benefits of such a service, if priced, are held to be self-evident in the buyer's willingness to pay for it. Public services are those, that society (nation state, fiscal union, regional) as a whole pays for, through taxes and other means.
By composing and orchestrating the appropriate level of resources, skill, ingenuity, and experience for effecting specific benefits for service consumers, service providers participate in an economy without the restrictions of carrying inventory (stock) or the need to concern themselves with bulky raw materials. On the other hand, their investment in expertise does require consistent service marketing and upgrading in the face of competition.
Business services are a recognisable subset of Economic services, and share their characteristics. The essential difference is that Business are concerned about the building of Service Systems in order to deliver value to their customers and to act in the roles of Service Provider and Service Consumer.
The generic clear-cut, complete, concise and consistent definition of the service term reads as follows:
A service is a set of one time consumable and perishable benefits
delivered from the accountable service provider, mostly in close coaction with his internal and external service suppliers,
effectuated by distinct functions of technical systems and by distinct activities of individuals, respectively,
commissioned according to the needs of his service consumers by the service customer from the accountable service provider,
rendered individually to an authorized service consumer at his/her dedicated trigger,
and, finally, consumed and utilized by the triggering service consumer for executing his/her upcoming business activity or private activity.
Panic-stricken people have been making appeals on social media for help, saying they cannot get through to rescue services... He said the Army, Air Force, Navy and Coast Guard were assisting disaster relief agencies in the rescue, and a total of 38 helicopters had been pressed into service along with a number of aircraft and ships to ferry resources ... But some people in the relief camps were finding it difficult to access food and water ... ....
The weather office warned of more heavy "red" category rains on Saturday as tens of thousands of people were still stuck on the rooftops of houses and community centers ... He said the Army, Air Force, Navy and Coast Guard were assisting disaster relief agencies in the rescue, and a total of 38 helicopters had been pressed into service along with a number of aircraft and ships to ferry resources ... FOOD SHORTAGES ... ....
By Jose Devasia and Sivaram Venkitasubramanian ...Rescue workers have yet to reach many flooded areas, some too narrow for boats to navigate ... "There are seven families in this apartment now ... He said the Army, Air Force, Navy and Coast Guard were assisting disaster relief agencies in the rescue, and a total of 38 helicopters had been pressed into service along with a number of aircraft and ships to ferry resources ... FOOD SHORTAGES ... ....
The US sanctioned Chinese and a Russian entities on Thursday for helping service the illegal cigarette and alcohol trade in North Korea that has reportedly netted the Kim regime more than $1 billion per year ... Russian port serviceagencyProfinet and its director general were also slapped with sanctions for providing services, including the supplying of fuel to North Korean vessels, on at least six occasions....
(CNN)The US government on Wednesday moved to increase economic pressure on North Korea, adding new sanctions that target one individual and three shipping companies in Singapore, China and Russia for violating restrictions on trade with Pyongyang... The agency also sanctioned Russia's port serviceagency, Profinet Pte Ltd, and the company's director general, Vasili Aleksandrovich Kolchanov, a Russian national....