mutual agency

Definition

The shared rights and authority of partners derived from a partnership agreement to act as agents on behalf of one another in the conduct of business operations including entering into binding business and legal agreements. Partners are also principally responsible for the acts of one another.

Use mutual agency in a sentence

You should try and get involved with a mutual agency that can make things easier for your new companys future.

​ Was this Helpful? YES  NO 10 people found this helpful.

The mutual agency was really interesting and we were happy to have shared rights with other partners in the business.

​ Was this Helpful? YES  NO 11 people found this helpful.

The mutual agency nature of the relationship helped ensure there would be no agency conflict as each party shared interests.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
mutilated security mutual agreement