DECISION-MAKINGDecision-Making • January 23rd, 2020
An agency agreement is a legal contract creating a fiduciary relationship whereby one party (the “principal”) agrees that the actions of another party (“the agent”) binds the principal to agreements made by the agent as if the principal had himself personally made the agreement. A formal agreement is usually signed setting out the commission/pay the agent will receive, the duration, and other terms on which the principal and agent will do business together.
