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Agency Agreement

AGENCY AGREEMENT

When drafting a service agreement, several steps must be followed for the agreement to be legally binding. A loosely drafted agreement can lead to huge losses. Avoid such mistakes and get your agreement drafted from experts.

GET YOUR AGENCY AGREEMENT DRAFTED NOW

    What is agency agreement?

    An agency is formed when an agent is authorized by the principal, to act on the principal’s behalf. An agent refers to the person who is assigned by the principal to do certain act. A principal refers to the person who assigns agency to an agent is creating a legal relationship with the agent. Thus when agent and principal comes into legal relationship they execute Agency agreements. Agency agreements are important for business entities as it provides the terms and condition, duration of agency, scope of work.

    DOCUMENT REQUIRED FOR DRAFTING

    Details of Parties
    Details of Parties

    Identity proof and Address proof of parties involved.

    Contact details of authorized person
    Contact details of authorized person

    Email ID & Mobile Number.

    Related Information
    Related Information

    Any required information to be used for creating the draft.

    Supporting documents
    Supporting documents

    Any referential or supporting documents for the draft.

    HOW WE WORK

    Fill the form and make payment of nominal fee.

    1. Fill the form and make payment of nominal fee.

    Our experts will call you and collect documents.

    2. Our experts will call you and collect documents.

    Make rest fee payment.

    3. Make rest fee payment.

    Drafting of documents as per requirement and sending documents for approval.<span>Single time change is allowed(if any).</span>

    4. Drafting of documents as per requirement and sending documents for approval.Single time change is allowed(if any).

    Final documents will be shared by our experts.

    5. Final documents will be shared by our experts.

    Congratulation your draft is ready!!

    BENEFITS OF WELL DRAFTED AGENCY AGREEMENT

    Serve as a Legal proof

    Written document act a documentary evidence and serve as a legal proof in the court of law.

    Show Professionalism

    Proper and correct drafting of documents give a sense of professionalism and create a serious impact over the involved parties.

    Reduce chances of dispute

    A well drafted documentation lead to clarity of the facts and laws. It reduces the chances of dispute which may occur due to oral discussions or roughly drafted documents.

    Prevent Confusions

    Good documentation practices help to prevent time-consuming missteps and confusion for all the parties involved.

    What is the scope of well-drafted agency agreement?

    The scope of a well-drafted agency agreement will outline the amount of authority being granted to the agent. Agents may be given the right to make transactions, deposit or expenses from certain accounts, signing documents or conduct business meetings. All the defined rights are initially considered to be within the actual authority of the agent. The agent shall be acting under the agreed authority till principal revokes such authority of the agent.

    What are the essential elements of agency agreement?
    • Details of Agent and principal
    • Clause authorizing agent to do acts
    • Act and duties for which the agent is assigned
    • Obligation and responsibilities of agent
    • Confidentiality Clauses regarding the data of the entity
    • Duration of the agreement
    • Conduct the Principal’s Business
    • Subsequent Ratification of unauthorized act
    • Withdrawal of agency