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 ?
Tenders Are Invited for under an agency contract the M25 motorway south pace Supplying technical super vision and engineering tasks related to the execution of the work.
Under the Agency Contract, an agent/a distributor performs the commercial activities to make profit.
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.
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.
Gannett's ownership of the afternoon News has placed the company in an awkward position because the paper, owing to declining circulation (down 68 percent since the agency was formed in 1989), was certain to cease publishing long before the agency contract expires in 2086.
Last October, the two announced they will enter tie-ups in the three fields of securities brokering, mediating real estate transactions and cooperating on the basis of an agency contract.
Backed by bigwigs from Channel 4, XFM and NME, the Diesel-U-Music competition offers winners their own manager, radio play, label deals, and an agency contract - in short, a leg up the music business ladder.