An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity . An agent may be employed to represent a client in negotiations and other dealings with third parties. ... The person represented by the agent in these scenarios is called the principal.
What is agent in your own words?
Agent: An agent is something that acts . An agent acts on behalf of a person. It is an entity that acts in response to the environmental issues. ... Autonomy: Autonomy is a property of an agent being itself and making decisions of its own.
What is an example of an agent?
Examples of agents are sales representatives and shipping agents . Another example is someone who enters into negotiations on behalf of a client.
What is an agent in science?
Agent. (Science: pharmacology) Any power, principle or substance capable of producing an effect, whether physical, chemical or biological .
What does the term agent mean in a contract?
Technical terms
The party who has authority to act on someone else’s behalf is the “agent”. ... The agent commonly acts on the principal’s behalf, either expressly or impliedly, to negotiate or set up a deal with a third party, with a view to the agent then dropping out of the picture.
What are the 4 types of agents?
- Artists’ agents. An artist’s agent handles the business side of an artist’s life. ...
- Sales agents. ...
- Distributors. ...
- Licensing agents.
What are the three types of agents?
The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee).
What is the best definition of an agent?
An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity . An agent may be employed to represent a client in negotiations and other dealings with third parties. The agent may be given decision-making authority.
Who could be an agent?
According to Section 183, any person who has attained the age of majority and has a sound mind can appoint an agent. In other words, any person capable of contracting can legally appoint an agent. Minors and persons of unsound mind cannot appoint an agent.
What are the duties of an agent?
- Duties to follow Instructions or Customs:
- Duty of reasonable care and skill.
- DUTY TO AVOID CONFLICT OF INTEREST.
- Duty not to make secret profit:
- Duty to remit sums.
- Duty to maintain Accounts:
- Duty not to delegate.
What a secret agent did?
an agent of a secret service. (loosely) a person employed to collect the military secrets of one country and relay them to another , especially a person living in a foreign country while so working for his or her own nation; spy.
Is a virus a biological agent?
Biological agents include bacteria, viruses, fungi, other microorganisms and their associated toxins. They have the ability to adversely affect human health in a variety of ways, ranging from relatively mild, allergic reactions to serious medical conditions—even death.
How you will define agent?
1 : one that acts or exerts power . 2 a : something that produces or is capable of producing an effect : an active or efficient cause Education proved to be an agent of change in the community. b : a chemically, physically, or biologically active principle an oxidizing agent.
What is an authorized agent legally?
An authorized agent is someone who has the power to act on behalf of another person . Generally, authorized agents will act on behalf of a person claiming a copyright, an author, or someone that owns an exclusive right to something.
Who is not eligible for contract?
Minor is not eligible to enter into a contract. Minors are individuals who are under the age of 18. Minors are not considered to have legal capacity, meaning they do not have the ability to make contracts with other people. If a minor signs a contract, they have the ability to void the deal with certain exceptions.
Is a lawyer considered an agent?
Solicitors are involved in commercial matters only as agents of their clients and not in their own behalf. There is no need for the preliminary inquiry as to the capacity in which they acquire knowledge in the course of their retainer: they do so as agents of their client.
