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- Description
- Why does my business need it?
An agency agreement is a legal contract between two parties, the principal and the agent, outlining the terms and conditions under which the agent is authorized to act on behalf of the principal. This agreement defines the scope of the agent’s authority, duties, responsibilities, and the terms of compensation. It is common in various business relationships, such as real estate, sales, or representation agreements.
An agency agreement is crucial for defining roles, ensuring legal protection, and clarifying expectations when another party represents your business in specific activities.
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