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  2. An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a client in negotiations and other dealings with third parties. The agent may be given decision-making authority.
    www.investopedia.com/terms/a/agent.asp
    agent An agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through one’s actions.
    As per section 182, an agent is a person who brings his principal into the contractual relations with the third parties. The principal appoints or employs an agent under the contract of agency. Thus, an agent is the link that connects the principal to the third parties. An agent binds the principal by his acts.
    www.toppr.com/guides/business-laws-cs/indian-co…
    A person who has been employed to discharge a duty for someone else, or to represent him; is called an “Agent.” The represented person, or for whom the work is being done, is called the “Principal.”
     
  3. People also ask
    What is the meaning of agent?The term agent is derived from the Latin word “agens,” meaning to do or to act. The meanings of the term “agent” vary. A representative or official of an administrative agency or government is known as an agent: an FBI agent. An agent can be a thing or a substance that produces change: a chemical agent, an electronic agent.
    What is an agent in commercial law?An agent in commercial law (also referred to as a manager) is a person who is authorized to act on behalf of another (called the principal or client) to create a legal relationship with a third party.
    What does agency mean in law?agency, In law, a relationship in which one party (the agent) acts on behalf of and under the control of another (the principal) in dealing with third parties. It has its roots in ancient servant-master relations. Agency becomes a legal issue when the agent injures or wrongs a third party.
    Who is an agent in a contract?(A) An agent is the person who is authorized by another person (the principal) to deal with third parties and has the power to enter binding contracts for the principal and also create liability for the principal if the agent harms another person while performing within the scope of his or her duties. (Source: TheLaw.com) (B) international law.
     
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    WebApr 23, 2023 · Why Is Agency Law Important, and What Is an Agent? An agent is a person who acts in the name of and on behalf of another, having been given and assumed some degree of authority to do so. …

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