Examlex
When you're composing the requirements section of a request for proposals (RFP),you can assume that bidders will understand the conventions and protocols of your industry.
Expressly Bind
To explicitly or distinctly commit or obligate oneself or an entity to an agreement or course of action.
Unidentified Principal
Refers to a situation in agency law where an agent acts on behalf of a principal, but the identity of the principal is not disclosed to the third party.
Actual Authority
The express or implied power granted by a principal to its agent, allowing the agent to perform acts on the principal's behalf, which legally binds the principal with third parties.
Apparent Authority
The appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created.
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