This refers to either an individual or an entity that will represent, transact, or manage the business of another individual or entity–mainly the principal. An agent can enter into a binding agreement on behalf of the principal, and they may even create liability for the principal should they cause harm while carrying out their duties.
Agent
This refers to either an individual or an entity that will represent, transact, or manage the business of another individual or entity–mainly the principal. An agent can enter into a binding agreement on behalf of the principal, and they may even create liability for the principal should they cause harm while carrying out their duties.