Examlex
Atronix Solutions is a major manufacturer of electronic measuring devices in Asia.The company often threatens to terminate its relationship with its intermediaries if they do not agree with its terms and conditions.What channel power does Atronix use? What are its effects?
Agent
An individual authorized to act on behalf of another, known as the principal, in legal or business matters.
Specific Power of Attorney
A legal document that grants an agent the authority to act on behalf of the principal in specific matters or transactions.
Agency Agreement
A contract creating a fiduciary relationship whereby the first party consents that the actions of a second party bind them in relations with a third party.
Principal
The main party to a transaction or contract who has authorized an agent to act on their behalf.
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