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Agency Agreement

   Also found in: Wikipedia 0.01 sec.
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.


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The changes also stipulate preventing the foreign principal from terminating or refusing to renew the agency agreement without there being "justifiable cause".
He told the Sunday Mail he signed an agency agreement with BuySell in October 2007, and the property was marketed at a price in Cypriot pounds equivalent to around e1/4300,000.
Duration The term or duration of your agency agreement is a critical factor.
 
 
 
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