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 ?
Pursuant to the Agency Agreement, as compensation for services rendered in connection with the Offering, the Agents received a cash commission equal to 7.0% of the gross proceeds of the Offering, less any Units sold to purchasers introduced by the Company (the Presidents List Purchasers).
In a filing with the Philippine Stock Exchange, the company said terms of the deal include : 1) without recourse; 2) based on outstanding principal balance; 3) one year seasoning; 4) collection fee of 3.5 percent and 4) Optional Marketing Agency Agreement for cancelled accounts.
Contract notice: Agency Agreement For The Construction Of Public Facilities And The Development Of Urban Spaces In Sainte-Genevieve-Des-Bois.
Tenders are invited for Agency agreement for the implementation of complex legal and other actions connected with the organization of service of the applicants in the exercise of the Principal activities of technological connection (160,414) Lot 1.
Contract notice for Under an agency agreement state of flood control works the stability of, vedkepessegenek restoration defined in the 2013 autumn review as a result of that supply related eeop 2.1.1 / 2f / 09-11-2013-0001 identification number project, the execution of contracts with fidic engineering and technical audit activities .
VG Energy will also unveil nED100 as a key part of its product portfolio as part of the Scottish Agency Agreement, said the VG Energy.
VG Energy said it will also unveil nED100 as a key part of its product portfolio as part of the Scottish Agency Agreement.
Matrix Offshore Services & Engineering (MOSE) on Thursday has declared that it has signed an agency agreement for exclusively distributing the subsea pipeline offerings of the company across Australia, New Zealand and Papua New Guinea.
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.
TWI has inked an agency agreement with KOG Transport.
In a video uploaded on Facebook, Garma said the lifting of the suspension on STL operations would cover 'authorized agent corporations (AACs) that were compliant with the conditions of their STL agency agreement, and [had] been remitting [their] guaranteed minimum monthly retail receipts (GMMRRs).'
'We are happy to announce that pursuant to the recommendation of the PCSO, the President lifted the suspension of operations of STL, all authorized agent corporations (AACs) that are compliant with the conditions of their STL agency agreement and has been remitting its guaranteed minimum monthly retail receipts provided the following conditions are met,' PCSO general manager Royina Garma said in a statement.