Agency Agreement

(redirected from Agency Agreements)

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 ?
In view of the existence of this provision of Compensation on Termination, foreign principals often chose not to register their agency agreements with the Ministry of Com- merce and Industry in Oman (MOCI).
International Resource News-February 21, 2014--Changshu Huaye Steel Strip signs international sales agency agreements for Middle East and South America
David Rogers, Managing Director of Ironshore Australia noted that it is Ironshore s intention to pursue further expansion opportunities with these types of agency agreements.
The trial revealed e-book prices rose after Apple signed with publishers so-called agency agreements, in which publishers rather than retailers set prices for each title.
QDO multiple agency agreements make much sense any more?
As such, and further to the above , the provisions of the Commercial Agents and Mediators Law applies to agency agreements registered with the Registrar in accordance with its provisions;
To address the Commission's concerns, the companies offered in particular to terminate ongoing agency agreements and to exclude MFN clauses in their agency agreements during the next five years.
Increasingly, the termination of registered agency agreements is completed through settlement agreements negotiated between the parties.
West Midlands companies aiming to trade within the European Union are being urged to take advantage of an opportunity to find out more about agency agreements.
Exclusive agency agreements entered into between brokers and tenants typically contemplate the payment of a commission to the agent only for a sublease, lease assignment or lease termination or a similar disposition of the space.
The third filing is a supplemental prospectus relating to shares subject to Distribution Agency Agreements that Chesapeake entered into with Credit Suisse Securities (USA) LLC, Morgan Stanley & Co.
The UAE Legislator applied certain restrictions on the parties' freedom to agree to arbitrate when entering into Commercial Agency Agreements.