Agency Power
/ˈeɪdʒənsi ˈpaʊər/
Definitions
- (n.) The legal authority granted to an agent to act on behalf of a principal.
The agent exercised agency power to negotiate the contract for the principal.
- (n.) The specific capacity or scope within which an agent may bind the principal in legal dealings.
The agency power did not extend to signing off on loans without prior approval.
Forms
- agency power
- agency powers
Related terms
See also
Commentary
Agency power must be clearly defined to avoid disputes about the extent of an agent’s authority; courts often distinguish between actual and apparent authority within this context.
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.