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 ?
For this, a commercial agency contract should be free of any write-off, addition or modification.
Defense Advanced Research Projects Agency contract potentially valued at $13.4M.
The ministry called on the commercial agents registered in the Sultanate to renew the registration of their commercial agencies according to the terms agreed upon in the agency contract within 3 months from the date of publication of the advertisement in the local newspapers issued on 3 May 2018.
Daily News Egypt reported in its November coverage of the issue that Al Mansour had the best chance of winning the agency contract, after the company's shares have risen since Peugeot-Citroen acquired Opel, for which Al Mansour has been operating as agent in Egypt for many years.
Under Saudi law, a commercial agency is a contractual relationship formed between a producer and its representative in the Kingdom ("Agency Contract").
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.
M2 EQUITYBITES-March 27, 2014-CenturyLink awarded Defence Information Systems Agency contract with a potential USD1.7m value
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.
Summary: The GAC GroupEoACAOs long-standing relationship with Chevron Shipping Company LLC (CSC), the fleet subsidiary of Chevron Corporation, entered a new phase with the renewal of their worldwide agency contract.
* Control of Columbian National was held by the Securities Company making it possible for them to alter conditions of the agency contract.