What typically defines a mandatary's professional duties?

What typically defines a mandatary's professional duties?

• A. Having no specific guidelines
• B. Operating independently from any service agreements
• C. Being outlined in a service agreement
• D. Dependent solely on client preferences

Answer: (C)

A mandatary's professional duties are typically defined by the terms and conditions laid out in a service agreement. This legal document establishes the framework for the relationship between the mandatary (the agent) and the client, detailing the specific responsibilities, obligations, and expectations for both parties. The service agreement provides clarity on the scope of work, authority, duties to act in the best interests of the client, and any compensation arrangements. By outlining these elements, the agreement ensures that both the mandatary and the client have a mutual understanding of their roles and responsibilities, which helps to mitigate misunderstandings and sets professional standards for the engagement.

A mandatary's professional duties are typically defined by the terms and conditions laid out in a service agreement. This legal document establishes the framework for the relationship between the mandatary (the agent) and the client, detailing the specific responsibilities, obligations, and expectations for both parties. The service agreement provides clarity on the scope of work, authority, duties to act in the best interests of the client, and any compensation arrangements. By outlining these elements, the agreement ensures that both the mandatary and the client have a mutual understanding of their roles and responsibilities, which helps to mitigate misunderstandings and sets professional standards for the engagement.