Agency Agreement


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Agency Agreement

An agreement between persons and/or organizations whereby one, called the agent, acts on behalf of the other, called the principal. The agency agreement states the functions the agent will perform for the principal, under what circumstances, and for what compensation. Agents have a fiduciary responsibility to act in the best interests of the principal. Common examples of agents include brokers and attorneys. An agency agreement is also called an agency contract. See also: Agency theory, Agency problem, Agency costs.
References in periodicals archive ?
Ironshore Australia announced an agency agreement with the Australian Branch of International Insurance Company of Hannover Plc (Inter Hannover) for Mergers and Acquisitions (M&A) Insurance business, primarily focused on business emanating from the Australian and New Zealand region.
The exclusive agency agreement was acquired by way of the Company's acquisition of Digital Media Group Company Limited, ("Digital Media Group").
ySTANBUL (CyHAN)- Turkey's state-owned export credit agency Eximbank signed an agency agreement with the Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) on Thursday.
The changes also stipulate preventing the foreign principal from terminating or refusing to renew the agency agreement without there being "justifiable cause".
Summary: Actavis has signed an exclusive agency agreement for a number of generic products with Atudipp, a Tunisian agency responsible for the registration and promotion of pharmaceutical products.
The corporation executed a corporation agency agreement with State Farm that replaced Trantina's individual agent agreement.
AK Steel has entered into an agency agreement with Tube City LLC to purchase ferrous scrap for all of AK Steel's steel-making facilities.
have finalized details and signed a common marketing agency agreement to jointly market NFO members' milk.
Under the agency agreement, PolymerLatex will represent Bayer's latex chemicals line in the North American market.
Should language be added to a sublease agency agreement protecting my right to a commission for a sublease barter transaction?
provision of relocation and transportation services in and between the real estate is the state of berlin ( silver ) assigned buildings as well as for the externally hired by the state of berlin, buildings that are managed by bim ( agency agreement state of berlin - bim gmbh).
They also cite three failed proposals championed by Pisano: an agency agreement proposal which would have allowed agents to partner with companies that employ actors; a proposal to merge SAG with fellow union the American Federation of Television and Radio Artists (AFTRA); and the recent proposal for a dues increase.