Agency Law
/ˈeɪdʒənsi lɔː/
Definitions
- (n.) The body of law governing relationships in which one party (agent) is authorized to act on behalf of another (principal).
Under agency law, the agent's actions can bind the principal to contracts.
- (n.) Rules and principles regulating the creation, duties, and termination of agency relationships.
Agency law ensures that agents act within their authority when representing principals.
Forms
- agency law
Related terms
See also
Commentary
Agency law is fundamental in commercial and employment contexts, emphasizing the scope of agent authority and the principal's liability.
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.