toimivaltuus
Toimivaltuus is a legal term originating from Finnish law that refers to the authority or power delegated by one party (the principal) to another (the agent) to act on their behalf within specified limits. This concept is a fundamental element of agency law, delineating the scope of an agent’s decision-making power and responsibilities.
In practice, toimivaltuus can be explicit, granted through written agreements such as powers of attorney, or
The validity of toimivaltuus depends on the principles of good faith and legality. An agent must act
In Finnish legal context, toimivaltuus plays a vital role in commercial, contractual, and personal relationships, enabling
Overall, toimivaltuus is a key concept that facilitates legal and administrative transactions, balancing delegation of authority