è In other words, one person (the agent) agrees to do something for another party (the principal), subject to the control of the other party, and the other party (the principal) also agrees to the agreement.
It simultaneously means the principal is bound (normally) by what the agent does, since the agent is acts as if the principal were there him/herself.
It is a fiduciary and consensual relationship between two “persons” where one person acts on behalf of the other person and where the agent can form legal relationships on behalf of the principal.
It may be a business or personal relationship.
It allows the principal the ability, if you will, to be more than one place at a time, thereby expanding their potential business opportunities.
