21:15
Feel like I can finally stop holding my breath!! Whew!!!
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LSDefine
Simple English definitions for legal terms
specially accredited agent
Read a random definition: tidelands
A quick definition of specially accredited agent:
A specially accredited agent is someone who is authorized to act for someone else, like a representative. They can make contracts on behalf of the person they represent. They are different from other types of agents, like a general agent who can do all kinds of business for the person they represent. A specially accredited agent is chosen for a specific reason and has special permission to act on behalf of the person they represent.A more thorough explanation:
Definition: A specially accredited agent is an agent with whom a third person has been specially invited to deal by the principal under circumstances leading the third person to believe that he or she will be notified if the authority is altered or revoked.
Example: A real estate agent who is authorized by the seller to sell a property and has invited a potential buyer to deal with them exclusively. The agent has been specially accredited by the seller to deal with the buyer and the buyer can trust that the agent will notify them if the authority is altered or revoked.
Explanation: In this example, the seller has given the agent the authority to sell their property and has invited the potential buyer to deal with the agent exclusively. The buyer can trust that the agent has been specially accredited by the seller and will notify them if the authority is altered or revoked. This ensures that the buyer can rely on the agent's representation and that their interests are protected.