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LSDefine

Simple English definitions for legal terms

sole selling agency

Read a random definition: known-loss doctrine

A quick definition of sole selling agency:

A sole selling agency is when one person (the agent) is hired by another person (the principal) to sell something on their behalf. The agent can make decisions and take actions that bind the principal. There are different types of agencies, such as actual agency (when the agent is employed by the principal), agency by estoppel (when the principal's actions make it seem like an agency exists), and agency coupled with an interest (when the agent has a legal interest in the property being sold).

A more thorough explanation:

A sole selling agency is a type of exclusive agency agreement where a seller appoints only one agent to sell their property or goods. This means that the seller cannot appoint any other agents or sell the property themselves during the term of the agreement.

For example, if a homeowner signs a sole selling agency agreement with a real estate agent, they cannot list their property with any other agents or sell it themselves until the agreement expires or is terminated.

This type of agency agreement is beneficial for both the seller and the agent as it ensures that the agent has exclusive rights to market and sell the property, and the seller has the assurance that the agent will work hard to sell the property as they are the only one who will receive a commission.

sole practitioner | sole-source rule

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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