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Section 217, Contract Act 1872: Agent's Right Of Retainer Out Of Sums Received On Principal's Account

Section 217 under the Chapter X (Agency - Appointment and authority of agents) of the Contract Act, 1872 of India - 'Agent's right of retainer out of sums received on principal's account', is reproduced hereunder:—

“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.”

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