An agency agreement is a contract where you (the principal) appoint an agent to carry out certain tasks on your behalf. The contract will bind the agent’s actions to the principal entity, essentially making it as if the agent’s actions were originally done by you. You can think of it as appointing a right-hand man for certain specific tasks. This is different from a power of attorney form (also used to appoint personal “agents”), and it is often used in business or professional settings.To get a good grasp on such a contract, peruse this collection of free sample documents to download and print out. If you’re looking to create the contract yourself, you can use them as an Agreement Template with the required legal details already included.
Keep in mind that an agent or agency agreement is like a partnership contract or an independent contractor agreement. It is legally binding within the stated terms and conditions. As such, take care that your agent is regulated by the same key details of any agreement contract:
This is different from a Sales Agreement Template, where you only agree that the other party has a right to acquire something you are selling under certain terms.
It is also different from a Commission Agreement Template, where the other party is not an agent but an independent contractor hired to complete some work task.
You can often see an agency agreement used in real estate brokerages. This realty agency agreement allows a real estate agent or broker to represent a buyer when purchasing a home or other property.
Similarly, when you have hired the continued services of an agent from some firm, you will have a similar agreement.
Because the agent agreement is basically a fiduciary agreement (i.e., it is based on confidence or trust), it is also often used when you are allowing someone you trust hold and use a credit card under your name.
You will have a better idea of how each agreement is carried out by downloading and studying the samples. These cover the basic situations where an agent agreement will be appropriate.
These documents can be downloaded and printed for free as either PDF files for reference or as Word documents doubling as fully editable templates to base your own contract on.
Ideally, you will need to have an attorney to check the details to make sure your case is properly presented. (They might even be able to tell you whether your situation calls for a Partnership Agreement Template instead of an agent agreement template.)