Examlex
Consider an NBA superstar Kobe Bryant and one of your economics professors. Who is likely to receive more economic rent in his/her job? Explain your answer.
Express Agency
An agency relationship created by an explicit written or oral agreement between the agent and the principal.
Exclusive Agency
A contractual arrangement in which one agent is given the exclusive right to represent a client or a property, typically in the sale of real estate or intellectual property.
Agency Contract
An agreement where one party (the agent) agrees to act on behalf of another (the principal) in business transactions.
Durable Power
A form of power of attorney that remains in effect even if the grantor becomes incapacitated or unable to make decisions.
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