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 ?
Skeena Resources Limited (Skeena or the Company) has closed its previously announced private placement of units (the Units) of the Company (the Offering) pursuant to an agency agreement dated June 13, 2017 (the Agency Agreement) between the Company and RBC Capital Markets (lead agent), Paradigm Capital Inc.
One of the provisions of CAL which was viewed negatively was the provision which entitled an Omani agent to claim compensation from the foreign principal in case of an 'unjusti- fied' termination of an agency agreement
As recommended by the government, a court order would require Apple to terminate any agency agreement with publishers.
The First Claimant and the Defendant signed an agency agreement by which the First Claimant was appointed as the official and only agent in charge of the importation, storage and sale of the Defendant's products in Jordan.
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.
Two councils in Northumberland have ended an agency agreement covering roadworks which dates back almost 30 years.
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.