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- An agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through one’s actions.
www.law.cornell.edu/wex/agent - People also ask
agent | Wex | US Law | LII / Legal Information Institute
WebAn agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through one’s actions. For further …
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What Is an Agent? Definition, Types of Agents, and Examples
See more on investopedia.comAn agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a client in negotiations and other dealings with third parties. The agent may be given decision-making authority. Two common types of agents are attorn…14.1: Introduction to Agency and the Types of Agents
WebApr 23, 2023 · Why Is Agency Law Important, and What Is an Agent? An agent is a person who acts in the name of and on behalf of another, having been given and assumed some degree of authority to do so. …
agency | Wex | US Law | LII / Legal Information Institute
WebAgency law is the common law doctrine controlling relationships between agents and principals. A principal-agent relationship is created when the agent is given authority …
Agency | Definition, Law, Examples, Elements, Types, & Facts
WebAgency, in law, the relationship that exists when one person or party (the principal) engages another (the agent) to act for him—e.g., to do his work, to sell his goods, to …
AGENT Definition & Meaning - Black's Law Dictionary
WebFind the legal definition of AGENT from Black's Law Dictionary, 2nd Edition. One who represents and acts for another under the contract or relation of agency, q. v. …
Agent legal definition of agent - TheFreeDictionary.com Legal …
Webagent. n. a person who is authorized to act for another (the agent's principal) through employment, by contract or apparent authority. The importance is that the agent can …
Definition of AGENT • Law Dictionary • TheLaw.com
Web(A) An agent is the person who is authorized by another person (the principal) to deal with third parties and has the power to enter binding contracts for the principal and …
Agent, Agency Defined and Explained - UpCounsel
WebFeb 1, 2023 · Agent. Definition. A person who performs services for another person under an express or implied agreement and who is subject to the other's control or …
Legal Definition of Agent: An Essential Role in Business
WebAn agent is an individual who is authorized by another person to act on their behalf, entrusted with the responsibility of representing and making decisions for them. …
Law of agency - Wikipedia
WebThe law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, …
Legal Dictionary | Law.com
Webagency. n. the relationship of a person (called the agent) who acts on behalf of another person, company, or government, known as the principal. "Agency" may...
WebThe law of agency is the law of delegation—i.e., the legal principles that govern the ability of one person (the principal) to have another person (the agent) act on his …
Definition of agency in law | Britannica
Webagency, In law, a relationship in which one party (the agent) acts on behalf of and under the control of another (the principal) in dealing with third parties. It has its roots in …
Agent Law and Legal Definition | USLegal, Inc.
WebIn the legal context, an agent is some one who is authorized to act on behalf of another (usually the principal). Any individual capable of performing the specific functions and …
Agency | Practical Law
WebAgency. A relationship under which the law recognises a person as having the power to create or alter legal rights, duties or relationships of another person, the principal.
Definition of Agency Law: Everything You Need to Know
WebFeb 1, 2023 · The definition of agency law deals with agent-principal relationships; that is a relationship where one party has the legal authority to act in place of another. …
authority | Wex | US Law | LII / Legal Information Institute
WebAuthority as agency is the power to act on behalf of another; the power delegated by a principal to an agent. Authority is central to the law of agency —if someone takes an …
Agent Legal Meaning | LawDistrict
WebFind out what agent means as a legal term and how they may be appointed to act on your behalf if you need important business carried out in your absence.
Article 1. Definition Of Agency :: California Civil Code - Justia Law
WebAn agent is one who represents another, called the principal, in dealings with third persons. Such representation is called. agency. 2296. Any person having capacity to …
WebLAW INST. 2006) (“Agency is the fiduciary relationship that arises when one person (a ‘principal’) manifests assent to another person (an ‘agent’) that the agent shall act on the …
attorney-in-fact | Wex | US Law | LII / Legal Information Institute
Webattorney-in-fact. An attorney in fact is an agent authorized to act on behalf of another person, but not necessarily authorized to practice law, e.g. a person authorized to …
Agent Definition Business | UpCounsel 2024
WebJan 1, 2024 · Specifically, an agent is someone who has the legal right to act on behalf of another person or business, referred to as the principal. Such agents might be hired to …
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