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 ?
EL DORADO--A former Ouachita County judge has pleaded guilty to a bribery charge involving a Federal Emergency Management Agency contract to clean up debris following October 2009 storms in the county.
The winner takes home a year-long modelling agency contract, a [euro]1,000 cash prize and a holiday worth [euro]1,500.
In March, G4S won part of a UK Border Agency contract for housing asylum seekers.
said Thursday it has concluded a Japanese agency contract with a Spanish maker of biotechnology-based drugs to enter the biomedicine business.
Damascus, (SANA) -- The Syrian Exporters Federation and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) on Wednesday signed an agency contract to launch the corporation work in Syria.
Defense Logistics Agency contract award to ANHAM FZCO, LLC to provide full-line food and non-food distribution in support of Department of Defense customers in Kuwait, Iraq and Jordan.
Control of Columbian National was held by the Securities Company making it possible for them to alter conditions of the agency contract.
Gannett's ownership of the afternoon News has placed the company in an awkward position because the paper, owing to declining circulation (down 68 percent since the agency was formed in 1989), was certain to cease publishing long before the agency contract expires in 2086.
Last October, the two announced they will enter tie-ups in the three fields of securities brokering, mediating real estate transactions and cooperating on the basis of an agency contract.
Backed by bigwigs from Channel 4, XFM and NME, the Diesel-U-Music competition offers winners their own manager, radio play, label deals, and an agency contract - in short, a leg up the music business ladder.
The Land Agency contract for the Government Pipeline and Storage System, managed by the Oil and Pipelines Agency in England, was awarded to national pipeline specialists Fisher German.
The five-year Highways Agency contract is worth between pounds 50m and pounds 80m a year and could be extended by a further two years.