Agent
A person with authority to act on behalf of another person.
See Principal, Fiduciary, and Fiduciary duty.
Definition from Nolo’s Plain-English Law Dictionary
A person authorized to act for and under the direction of another person when dealing with third parties. The person who appoints an agent is called the principal. An agent can enter into binding agreements on the principal's behalf and may even create liability for the principal if the agent causes harm while carrying out his or her duties. Also called an attorney-in-fact.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:10 pm
