Section 217
Agent‟s right of retainer out of sums received on principal‟s account
Chapter 11: Agency
An agent may retain, out of any sums received on account of the principal in the business of the agency, all moneys due to himself in respect of advances made or expenses properly incurred by him in conducting such business, and also such remuneration as may be payable to him for acting as agent.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 214Agent‟s duty to communicate with principal
- 215Right of principal when agent deals, on his own account, in business of agency without principal‟s consent
- 216Principal‟s right to benefit gained by agent dealing on his own account in business of agency
- 218Agent‟s duty to pay sums received for principal
- 219When agent‟s remuneration becomes due
- 220Agent not entitled to remuneration for business misconducted