A written contract that spells out the rights and duties of a principal and an agent and the scope of the agent's actual authority. Also known as agency contract. See also agent and principal. TO TOP
The contract between an appointed travel agency and the Passenger Network Services Corporation doing business as IATAN, defining the rights and obligations of the parties in connection with the sale of international air transportation.
a contract where a supplier or provider of services appoints a business in a territory to procure orders for the product or service on behalf of the supplier
a legally binding contract and it is important that you read and understand it
a statement, in legally enforceable form, of a commercial contract
An arrangement where one organisation carries out services on behalf of another, usually for a fee eg development, factoring, housing support, care, etc.
The contract which establishes the legal relationship between the agent and the insurer. In addition to other features, it sets forth the authority of the agent and his scale of commissions.
Selling or managing agreement must be in writing under section 42aa of Property Stock & Business Agents ACT, or s50 of the Estate Agents ACT where the vendor legally engages the services of an agent for a negotiated fee. A compulsory document.
agreement that defines the power of the agent to act on behalf of the principal. This is normally kept private between them.
An agreement setting out the terms under which an agent may act for a principal.
A listing agreement between the holder of real property and a broker wherein the broker's commission is protected against a sale by other agents but not by the principal (seller). Often referred to as a nonexclusive-agency listing.
the contract which establishes the legal relationship between the agent and the insurer. (See AGENCY)
An agreement whereby the steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that agent.
Agency agreement is a legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements. The power of the agent to bind the principal is usually legally referred to as authority. Agency created via an agreement may be a form of implied authority, such as when a person gives their credit card to a close relative, the cardholder may be required to pay for purchases made by the relative with their credit card.