Examlex
Briefly describe the various steps involved in the sales process.
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.
Apparent Agency
A legal concept where a person appears to be, or is mistakenly believed to be, authorized to act as an agent for another party.
Agency by Estoppel
A principle by which a person or entity is prevented from denying the authority of another who has been allowed to act as their agent, despite not officially having been granted the role.
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