Agent/agency agreement
An agent is an independent person or legal entity which acts on behalf of another (the 'principal'). In international transactions, generally refers to a
sales representative who prospects on behalf of a foreign principal, earning commission on sales eventually concluded between the principal and the ultimate client (see also 'Foreign sales agent'). To be distinguished from sales through employees and subsidiaries - who are not independent, or through distributorship relations, which involve the distributor's buying and re-selling in their own name. Sales agents should also be distinguished from buying or purchasing agents, as the respective rights and obligations are quite different.
sales representative who prospects on behalf of a foreign principal, earning commission on sales eventually concluded between the principal and the ultimate client (see also 'Foreign sales agent'). To be distinguished from sales through employees and subsidiaries - who are not independent, or through distributorship relations, which involve the distributor's buying and re-selling in their own name. Sales agents should also be distinguished from buying or purchasing agents, as the respective rights and obligations are quite different.
