Understanding Ostensible Authority in Contract Law Exploring how a principal can be bound by an agent’s apparent power, even without express permission. Essential for business owners and third parties engaging in contracts. What is Ostensible Authority (Apparent Authority)? In the complex world of agency law, a principal (the company or individual you are dealing with) […]
Meta Description for Google SEO Understand the foundational principles of agency law, defining the crucial fiduciary relationship between a principal and an agent. Learn about the three types of authority—actual, apparent, and ratification—and the core duties that govern commercial and legal relationships in the US common law system. Understanding the Foundation of Agency Law Agency
This blog post delves into the core principles of agency law, including the formation of the principal-agent relationship, the different types of authority, and the critical fiduciary duties that govern this arrangement. It also covers liability and the various ways an agency can be terminated. Agency law is a fundamental component of business and commercial
Discover the fundamentals of agency law, including the critical principal-agent relationship, different types of authority, and the essential fiduciary duties that govern these legal arrangements. Introduction to Agency Law Agency law is a common law doctrine that governs the relationship between a person who acts on behalf of another, known as an agent, and the