Examlex
All of the following appear on the selling and administrative budget except:
Agency Agreement
An agency agreement is a legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent.
Agents
Individuals or entities authorized to act on behalf of another person or entity in legal or business matters.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights.
Principal
In a legal context, the principal is the party who grants authority to an agent to act on their behalf in legal or financial matters.
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