an agent named by another agent to act on behalf of the principal
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Agency relationships
An agent in commercial law (also referred to as a manager) is a person who is authorized to act on behalf of another (called the principal or client) to create a legal relationship with a third party.
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An agent named by another agent to act on behalf of the principal is the agent - principal relationship.
- In commercial law, an active agent is typically represented as a responsible manager, who represents an individual allowed to act appropriately to typically develop a legitimate relationship with a third party.
- Such an individual forms a direct relationship on behalf of another specific individual referred to as the principal or potential client.
- These relationships are also referred to as agency relationships where certain situations among the participating parties are precisely defined.
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