Glossary
Terms & Glossaries of Shipping and Trading
Agency Agreement
An agency agreement is a relationship between a principal and an agent, where the principal authorizes the agent to engage third parties in legal relationships.
An agency agreement is a relationship between a principal and an agent, where the principal authorizes the agent to engage third parties in legal relationships. Each party to the agreement will have certain obligations. You should ensure your agreement is drafted effectively and is legally binding on all parties.
