Home >  Blossary: Business Contracts  >  Term: agent

An agent is an individual that is appointed to act on behalf of another individual(known as the principal). The agent's authority is determined by the principal. Third parties may assume the agent has full powers to deal.

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  • Part of Speech: noun
  • Industry/Domain: Law
  • Category: Contracts

Business Contracts

Category: Business

Total terms: 10


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