SIMBA Telcom Ltd. employs James as their agent for distribution and sale of their phones & phone Accessories. The agency agreement provides that the agency will last for a period of two years commencing 1st January 2020 to 1st January 2022 and that James will receive a commission of 5% on every SIMBA Item sold. As a student of Business Law with full knowledge on Agency relationship, expound the commitment of SIMBA Telecom Ltd and James in the effective management of their contract. (13 marks)