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Agency Ends
The termination or conclusion of an agency relationship between principal and agent, which can occur through various means such as completion of the agency purpose, by mutual agreement, or by law.
Duty of Segregation
An obligation to keep different tasks and responsibilities separate to reduce conflicts of interest or the risk of fraud or error.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.
Actual Authority
The express and implied powers a principal intentionally grants to an agent, allowing them to act on the principal's behalf.
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