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Agency Agreement
A legal contract creating a fiduciary relationship which empowers an agent to act on behalf of a principal in transactions.
Apparent Agency
A legal concept where a principal is liable for the acts of their agent, based on the appearance of authority the agent has been given, even if no actual authority was given.
Implied Agency
A form of agency relationship created by actions of the parties involved rather than a written agreement, suggesting one party can act on behalf of another.
Express Agency
An agency relationship created by an explicit written or oral agreement between the agent and the principal.
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