ettevõtteagentsuuri

Ettevõtteagentsuur, often translated as corporate agency, refers to a legal entity that acts on behalf of another company or individual. This agency is empowered to perform specific tasks or transactions, such as signing contracts, making purchases, or representing the principal in legal matters. The scope of an ettevõtteagentsuur's authority is typically defined by a power of attorney or a contractual agreement.

There are various types of corporate agencies. An express agency is established through a clear, explicit agreement, whether written or oral. An implied agency arises from the conduct of the parties, where one party's actions lead another to reasonably believe that an agency relationship exists. An agency by ratification occurs when a person, without prior authorization, acts on behalf of another, and the principal later approves or ratifies the action.

The responsibilities of an ettevõtteagentsuur include acting in the best interest of the principal, maintaining confidentiality, and avoiding conflicts of interest. The principal, in turn, has a duty to compensate the agent and indemnify them for expenses incurred while acting within the scope of their authority. The termination of an agency can occur through mutual agreement, the completion of the task, revocation by the principal, or renunciation by the agent. Understanding the nuances of corporate agency is crucial for businesses to manage their operations and legal obligations effectively.