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Agency

/ˈeɪdʒənsi/

Contract Law Term

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Definition

A relationship in which one person (the agent) is authorised to act on behalf of another (the principal), creating legal relations between the principal and third parties. Governed by Sections 182–238 of the Indian Contract Act, 1872. The agent binds the principal by acts done within the scope of actual or apparent authority. An agent owes fiduciary duties — loyalty, obedience, care, and accountability — to the principal.

Examples

A real estate broker (agent) who shows and sells a property on behalf of the owner (principal) binds the owner to the sale terms agreed with the buyer.
A company secretary who signs contracts on behalf of the company within the scope of their authority binds the company — acts within apparent authority are binding even if actual authority was limited.

Case Study

In Loon Karan Soni v. John and Co. (1967), the Supreme Court held that an agent cannot delegate their authority without the principal's consent (delegatus non potest delegare), unless the nature of the agency or trade custom permits delegation. The principal is bound only by acts of the sub-agent that the principal has authorised.

Key Cases

Loon Karan Soni v. John and Co.

1967

AIR 1967 SC 919

An agent cannot delegate authority without the principal's consent — delegatus non potest delegare. The principal is bound only by acts within the agent's authority. Foundational Indian case on the scope of agency authority.

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Also Known As

agency lawprincipal-agent relationship

Synonyms

principal-agent relationshipauthority to actmandate

Antonyms / Opposites

independent contractorprincipal acting directly

Related Terms

Section 182 Contract Actprincipalagentapparent authorityfiduciary dutypower of attorney

Dictionary Entry

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