Agency relationships

Agency relationships are common in many professional areas.

• employment procurement
• real estate transactions (real estate brokerage, mortgage brokerage). In real estate brokerage, the buyers or sellers are the Principals themselves and the broker or his/her salesperson who represents each Principal is his/her Agent.
• financial advice (insurance agency, stock brokerage, accountancy)
• contract negotiation and promotion (business management) such as for publishing, fashion model, music, movies, theatre, show business, and sport.

An Agent in Commercial Law (also referred to as a manager) is a person who is authorised to act on behalf of another (called the Principal or client) to create a legal relationship with a Third Party.