Monday, December 20, 2010

What is the difference between an officer & special agent?

Agent is a person who has to be the authority for a general entity. Special Agent is a person who has limited authority to act on behalf of an entity only in certain areas. GenerallyAn agency relationship includes a Director and officer. The agent has legal authority to take decisions which are binding on the principal. Attorneys - in - fact may be also often called agent .TypesAgents General or specific. Special agents are often called agents.General AgentsA General Agent is principal on each question to bind, a huge power limited authority was legal. For example, a general agent can bind financial main contract or general agent, allow the main medical procedures, if the principal incapacitated.Special AgentsA special is mentally agent is given only a narrow slice of legal authority in a defined topic. For example, it is common that to allow a principal to a limited financial officer, or a special medical agent.WarningGranting trade General authority of the agent on your behalf can be dangerous. You could for contracts, by the agent for negligence caused run through the agent responsible be made. If you don't know if you have an agent or as special need agent, start agent agreement by a special, and then expand that later if necessary,.

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