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agency

agency Agency is a legal relationship in which one person is authorized to act for another so that the other person gains rights or takes on obligations through that action.

Agency is a legal relationship in which one person is authorized to act for another so that the other person gains rights or takes on obligations through that action. In historical accounts, it is described as developing from family-based authority into a mainly contractual arrangement, with the acting person called the agent and the represented person the principal.