A legal agreement forming a fiduciary connection whereby the first party accepts that the activities of a second party connect the principal to following agreements created by the agent as if the principal had himself especially made the later agreements is referred to as an agency contract. Have a look at the agency contract templates provided down below and choose the one that best fits your purpose.
10+ Agency Contract Templates in PDF | DOC | Google Docs | Word | Pages
1. Recruitment Agency Contract
2. Sales Agency Contract
3. Employee Recruitment Agency Contract
4. Restaurant Staffing Agency Contract
5. Specimen Agency Contract
6. Commercial Agency Contract
7. Commercial Agency Contract Checklist
8. Short Form Agency Contract
9. Undisclosed Agency Law Contract
10. Commercial Agency Distribution Contract
11. Uniform Import Agency Contract
5 Steps followed for creating the contract agency
Step 1: Relationship between agent and Principal
An Agency establish relationship between a principal and an agent in which the principal grants his or her rights on the agent to perform on principal’s behalf. Such a relationship is based on an agency contract. The rights and duties of the agent and principle are confirming with the express or implied terms of the agreement.
Step 2: Consent of agent and principal
When you want to create an agency, the consent of the agent and the principal is important. The principal must plan that the agent act for him or her, the agent must intend to qualify the authority and act on it. When there is the absence of any such assert or exercise control by one party over the actions of another, there can be no agency contract relationship.
Step 3: Building a healthy relationship
The agency relationship arises only at the will and by the action of the principal. There must be the presence of the agency and is always a fact to be proved by tracing it to some act of the alleged principal. The agency has two species: actual, either express or implied and apparent.
Step 4: Factors determining the agency
The transaction performed by parties through an intermediary, whether an agency relationship has been formed depends on the intention of the parties. The contract of agency can be express or implied. The agent should expressly contract as agent for a principal who is in the presence and competent to contract.
Step 5: Quality of an agent
The person who is of the age of the majority and depending on the law to which he is subject and who is of sound mind may be an agent. The major role of the agent is to bring in the principle into a link with the third party.
What is Meant by the Contract of Agency?
What is Agency Contract Law?
An area of commercial law trading with a set of contractual, quasi-contractual and non-contractual fiduciary connections that include a person, known as the agent, that is entitled to act on account of another, known as the principal to form legal connections with a third party is referred to as the law of agency.
And it is referred to as the equal relationship between a principal or an agent whereby the principal, authorizes the agent to work under the control and on his or her behalf. The relationship between the agents and principal known as the principal-agent relationship. It is referred to as the external relationship when established between the agents and the third parties with whom they deal with their principals.