Many businesses depend on agents to represent them in business and our corporate and commercial team are specialists in ensuring you have robust and clear agency agreements in place.
An Agency Agreement is essential to ensure everyone’s interests are properly protected and to document the relationship between an agent and principal. These agreements should outline the key terms of the relationship and include protections for the agent and the principal that are appropriate in the circumstances, bearing in mind that agents may legally bind their principal.
It is vital that you have adequate agency agreements, documenting the necessary provisions, if your business retains agents. With specialist knowledge in the particular industry, an agent acts as a ‘middle man’, helping the business owner to buy, sell or obtain goods or services. Agents may also carry out certain business functions to drive profit.
While an Agency Agreement has the advantage of enabling someone with specialist skills to work on behalf of a business, there are risks as the business can be liable for the agent’s conduct. This is why an Agency Agreement, a legally binding document that forms the contract between an agent and another business, is so important.
In addition to assisting with establishing agency agreements, our corporate and commercial team is qualified to advise on other areas associated with these agreements.
