Fair Labor Standards Act (FLSA): Federal law that establishes standards for employment relationships, including minimum wage, overtime pay, and worker classification. Relevant for determining agent status and compensation structure.
Internal Revenue Code: Federal tax regulations that govern the tax implications of the agency relationship, particularly regarding independent contractor status and tax reporting obligations.
Federal Insurance Contributions Act (FICA): Federal law requiring tax contributions for Social Security and Medicare, which may apply depending on the agent's classification.
FTC Regulations: Federal Trade Commission regulations governing fair business practices and consumer protection in agency relationships.
State Agency Laws: State-specific regulations governing agency relationships, including scope of authority and fiduciary responsibilities.
State Contract Laws: State-specific requirements for contract formation, enforcement, and interpretation.
State Labor Laws: State-specific employment regulations that may affect the agency relationship and worker classification.
State Licensing Requirements: State-specific licensing and certification requirements for agents operating in particular industries or professions.
Industry-Specific Regulations: Specialized rules and requirements applicable to agents operating in specific industries, including professional standards and certifications.
Agency Law Principles: Common law principles governing the relationship between principal and agent, including authority, duties, and responsibilities.
Fiduciary Duties: Legal obligations of loyalty, care, and good faith that agents owe to their principals under common law.
Anti-trust Regulations: Federal and state laws governing competition and preventing monopolistic practices in agency relationships.
Data Privacy Laws: Federal and state regulations governing the collection, storage, and protection of sensitive information handled by agents.
Non-compete and Trade Secret Laws: State-specific regulations governing restrictive covenants and protection of confidential information in agency relationships.
