Agency
/ˈeɪdʒənsi/
Definitions
- (n.) A relationship in which one party, the agent, is authorized to act on behalf of another, the principal.
The agency established by the contract allows the agent to negotiate deals.
- (n.) An organization or business providing a particular service.
She works at a talent agency that represents actors.
Forms
- agencies
Related terms
See also
Commentary
Agency law involves fiduciary duties and clear authority scope; precise drafting of the agent's powers prevents disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.