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baddestbunny
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Simple English definitions for legal terms
corporate agent
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A quick definition of corporate agent:
A corporate agent is someone who is authorized to act on behalf of a company. This means they can make decisions and sign contracts for the company. They are like a representative for the company. Other types of agents include real estate agents, insurance agents, and patent agents. An agent is someone who acts on behalf of another person or company.A more thorough explanation:
A corporate agent is a representative authorized to act on behalf of a corporation. This can include all employees and officers who have the power to make decisions that bind the corporation. For example, a CEO or a salesperson may be a corporate agent.
One example of a corporate agent is a salesperson who negotiates a contract with a client on behalf of the corporation. The salesperson has the authority to make decisions that bind the corporation, such as setting the price and terms of the contract.
Another example is a CEO who signs a lease agreement for office space on behalf of the corporation. The CEO has the authority to make decisions that bind the corporation, such as agreeing to the rent and terms of the lease.
Overall, a corporate agent is an individual who has the power to act on behalf of a corporation and make decisions that bind the corporation.