Principal (commercial law)

About: Principal (commercial law) is a research topic. Over the lifetime, 1579 publications have been published within this topic receiving 35379 citations. The topic is also known as: Principal (commercial law).

Common Interest Communities in Virginia: Legal Dilemmas and Legislative Responses to Self-Governance

Abstract: This article provides principal research in identifying and describing the nature and scope of current legal concerns within common interest communities (CICs) in the Commonwealth of Virginia. Very little federal guidance is available and Virginia statutes provide minimal direction in assessing the role of the many stakeholders in these “quasi-public” governing entities. Of paramount concern is determining the degree to which legal mechanisms should mandate liability at the risk of dissuading voluntary participation in associations and also determining with whom the rights and responsibilities of CIC activity should reside—-with the individual property owners, the majority of homeowners in the community as represented by a board, some governmental entity, or some combination of interested parties. This study, therefore, introduces the concerns of the Virginia courts and legislature, CIC attorneys, political scientists and management professionals as they grapple with finding a balance between preserving individual rights of property owners to self-manage and at the same time, ensuring collective responsibility and attention to the governing activities that demand public scrutiny. It concludes with their suggested remedies for securing an adequate balance resulting in a successful future for CICs in Virginia and across the country.

A Critical Overview of the Significance of Power and Power Relations in Practice with Children in Foster Care: Evidence from an Irish Study

Abstract: Research was carried out on behalf of the Child and Family Agency, Tusla with teams from two counties in Ireland. Special Thanks to Principal Social Workers Nora Roarty and John Leinster and their teams for their participation in this study.

A strategic look at the organizational form of franchising

Abstract: An agency relationship exists whenever one party (the principal) delegates authority to another (the agent). Because agents are assumed to be self-interested and to possess goals that diverge from the principal's goals, the principal must expend resources (called agency costs) to insure that agents act in her interest (Jensen & Meckling, 1976). In chains, the firm can choose as outlet managers either employees who are paid a salary (and perhaps a bonus) or franchisees who are granted the right to their outlet's profits after royalties and other expenses. In both cases, an agency problem is created because the firm delegates local decision-making to outlet managers whose interests are not perfectly aligned with that of the franchisor's (Rubin, 1978).