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baddestbunny
12:34
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Simple English definitions for legal terms
agent
Read a random definition: residuary clause
A quick definition of agent:
An agent is someone who is allowed to act for someone else. The person they are acting for is called the principal. This relationship can be made on purpose or happen without planning. To learn more, look up Agency Law.
A more thorough explanation:
An agent is someone who is given permission to act on behalf of another person, known as the principal. This relationship can be created intentionally or through actions.
- A real estate agent is authorized to act on behalf of a homeowner to sell their property.
- A power of attorney gives an agent the authority to make legal and financial decisions for someone who is unable to do so themselves.
- A sports agent represents a professional athlete in contract negotiations and other business matters.
These examples illustrate how an agent is authorized to act on behalf of someone else in a specific context. The agent has a duty to act in the best interest of the principal and follow their instructions.