Examlex
In a diversified firm, corporate-level strategy is concerned with:
Actual Authority
Actual authority refers to the express and implied powers that an agent has been intentionally granted by the principal in an agency relationship.
Subagent
A person authorized by an agent to perform tasks or duties on behalf of the agent's principal.
Delegate Duties
The act of assigning specific responsibilities or tasks from one person to another, often in a workplace or organizational setting.
Agency Termination
The act of ending the relationship between an agent and their principal, which can occur through mutual agreement, fulfillment of the agency's purpose, or other legal means.
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