A person authorized to act on behalf of another and subject to the other's control in dealing with third parties.
A person who authorizes an agent to act on his or her behalf and subject to his or her control.
Contract of agency
An agreement between a principal and an agent by which the agent is vested with authority to represent the principal.
A person authorized to assume complete charge of his or her principal's business or who is entrusted with general authority to act for the principal in all business-related matters.
A person delegated to act only in a particular transaction, under definite instructions, and with specific limits on the scope of his or her authority.
Power of attorney
An instrument in writing by which one person, as principal, appoints another person as agent and confers the authority to perform certain specified acts on behalf of the principal.
Attorney in fact
The person appointed as agent when the power of attorney is exercised.
Durable power of attorney
An instrument that documents a principal's desire for an agent's authority to remain intact in the event the principal is incapacitated; or to become effective only in the event the principal becomes incompetent.
Agency by ratification
An agency that results when a principal approves an unauthorized act performed by an agent or approves an act done in the principal's name by an unauthorized person.
Agency by necessity
An agency that is created when circumstances make such an agency necessary.
Agency by operation of law
An agency that is created when a court finds the need for an agency to achieve a desired social policy.
An agent's authority that the principal voluntarily and specifically sets forth as oral or written instructions in an agency agreement.
The authority an agent reasonably assumes he or she has that relates to the express authority granted by the principal.
The authority that a third party may reasonably assume an agent possesses, despite the fact that the agent does not actually possess such authority.
One who acts on behalf of a principal without being paid.
An agency contract that cannot be terminated by a principal in which the agent has an interest in the subject matter of the agency in addition to the remuneration that he or she receives for services.