Explanation of Article 498
The article stipulates that the agent must deliver to their principal what they have received in the course of their agency work;
The agent is obligated to deliver what they have received to their principal with the care of an ordinary person and to deliver what they have received to their principal at the agreed delivery time. If no delivery time is agreed upon, the delivery should occur when the agent completes their work or at the end of the agreed period in the agency.
The agent must also deliver to their principal any money, sale proceeds, documents, or identification papers, and other movable items received by the agent in the course of their agency work, whether as an original agent for the principal or as a commission agent. Delivering what the agent has received in the course of their agency work is considered a primary obligation arising from the agency contract, and this obligation differs from the agent returning a deposit at the end of the agency contract if the agency involves a trust with the agent.
The delivery by the agent of what they have received includes everything related to the money subject to the agency, such as its increase or the fruits it produces, and also the benefits the agent gains from the principal's money. If the agent buys something for the principal at less than the usual price, the price difference is included in what the agent has received for the principal and returns to the principal.
One of the effects of the agency obligation is that the agent must deliver everything they have received to their principal until the end of the agency contract, as the termination of the agency contract results in the termination of all actions issued by the agent concerning it.
Related To
Article 498
The principal shall, upon completion of the work, pay the agent the agreedupon fees. If the fees are not agreed upon, the agent shall be entitled to the prevailing market fees if he normally works for a fee; otherwise, the power of attorney shall be deemed to be gratuitous.