| A | B |
|---|
| Right-to-work laws | prohibits union shops |
| Trade secret | Inside information on a firm’s processes, products, or inventions |
| Principal | The person who is being represented by another person in some sort of business transaction. |
| Indemnification | repayment of the amount lost. |
| Featherbedding | A payment for services not performed. |
| Employee | The party who does the work. |
| Employer | The party who pays another party for work. |
| Child labor laws | Laws that control the work that children are permitted to do. |
| Subagent | An agent lawfully appointed by another agent. |
| Fiduciary | Relationship that is based on trust that exists between the agent and principal. |
| agent | Represents another person in some sort of business transaction with another party. |
| Express authority | Includes all the orders, commands, or directions a principal states to an agent when the agency relationship is first created. |
| Gratuitous agent | A person who represents a person without being paid for it. |
| Grievance procedure | A series of steps employees must take to appeal an employer’s decision. |
| Implied contract | Usually involves an oral agreement that would ordinarily be covered by employment-at-will had the employer not said or done something that implies otherwise. |
| Implied covenant | A promise that the employer and the employee will be fair in their dealings with each other. |
| Independent contractor | A person who is hired to perform a task for another person, but is not under the other person’s control. |
| Loyalty | Faithfulness or acting in a party’s best interest at all times. |
| Obedience | Agent must comply with all reasonable orders and instructions within th scope of the agency agreement. |
| Proprietor | A person who chooses to have someone perform a task on his or her behalf, but who has no control over the way the task is carried out. |
| Ratification | Occurs when benefits from an unauthorized act are accepted with full knowledge of the facts. |
| Special agent | An agent who is employed to accomplish a specific purpose. |
