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If the agent insures the quality and is contractually bound to pay all expenses for repair and maintenance, that could avoid a major chunk of the principal-agen
by nileshtrivedi 4y ago
If the agent insures the quality and is contractually bound to pay all expenses for repair and maintenance, that could avoid a major chunk of the principal-agent problem.
- lotsofpulp 4y agoGood luck with enforcing the contract. The cost to prove the agent made the error (and not you or the manufacturer or time) and then other legal costs would probably almost always outweigh the cost to just fix the problem. It might be possible to materially minimize the probability of error to have 2 agents, one that checks the others’ work. But that also will get costly.