PRINCIPAL AGENT RESPONSIBILITY Sample Clauses
The Principal Agent Responsibility clause establishes that the principal is accountable for the actions and decisions made by their appointed agent within the scope of the agent’s authority. In practice, this means that if an agent enters into agreements, makes representations, or performs tasks on behalf of the principal, the principal is legally bound by those actions as if they had performed them personally. This clause is essential for clarifying liability and ensuring that third parties can rely on the agent’s authority, thereby facilitating smooth business transactions and reducing disputes over responsibility.
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PRINCIPAL AGENT RESPONSIBILITY. The Principal Agent of the Agency or Agent as designated by the execution of the Agreement shall be responsible for the Agency's or Agent's compliance with, and performance of, the obligations as set forth in this Agreement.
PRINCIPAL AGENT RESPONSIBILITY. The Principal Agent of the Agency as designated by the execution of this Agreement shall be responsible for the Agent’s or Agency’s compliance with and performance of, the obligations as set forth in this Agreement. These obligations include, but are not limited to, ensuring the confidentiality of all information contained in consumer reports. Agent or Agency agrees that its Principal Agent shall ensure the proper use of such information by all of Agent or Agency’s employees and any other party acting on the behalf of the Agent or Agency. Agent or Agency agrees to abide by all federal and state statutes and regulations related to proper notification, ordering, use, disclosure and destruction of records containing personally identifiable information.