Examlex
When an organization is said to have 'alignment' this means that they have a clear send of how value is being created in the short term and how activities are integrated and properly coordinated.
General Sales Agent
An individual or company authorized to sell or distribute a manufacturer's products in a specific area or market.
Express or Implied Authority
Power granted by a principal to an agent, which can be explicitly stated (express) or inferred from actions, circumstances, or job title (implied).
Disclosed Principal
In the realm of agency law, a principal whose identity the third party is aware of when the agent enters into a contract with that third party.
Unauthorized Contract
An agreement made by someone who does not have the legal right or power to do so on behalf of another person or entity.
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