by Jason M. Gordon | Feb 23, 2025 | Agency Law
What is Agency in Georgia? An agency relationship is one in which a party acts on behalf of and with the authority of another party. The principal appoints or authorizes the agent to act on her behalf. Thus, she is responsible for the actions of the agent taken...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
Types of Principal in Georgia? Principals are categorized based upon whether their identity is disclosed to third parties with whom the agent interacts on their behalf. Disclosed Principal – A disclosed principals identity is known to third parties dealing with...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
What is required to form a principal-agent relationship in Georgia? An agency relationship is created in the following manners: Express Agreement – A principal and agent may expressly agree to form an agency relationship. The agreement can be oral or in writing....
by Jason M. Gordon | Feb 23, 2025 | Agency Law
Duties of a Principal to an Agent in Georgia? Generally, a principal owes the following duties to the agent: Duty to Compensate – An agency relationship may be paid or gratuitous. The terms of an agency may be laid out in the agency agreement. If the agency...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
What are the Types of Agent in Georgia? The principal will lay out the scope of the agency, including the responsibilities and limitations of the agent. Agents generally fall into two categories: Limited Agent – A limited agent has a special purpose and limited...
by Jason M. Gordon | Feb 23, 2025 | Agency Law
When are Agents Liable for Contracts they Sign in Georgia? An agent acting within the scope of her authority is not liable to third parties on obligations entered into on behalf of the principal. Even if the agent exceeds her express authority, her implied authority...
