universal agency

Definition of "universal agency"
  1. It's a type of agency relationship where an agent is granted the power to perform all actions that can be legally done on behalf of a principal
How to use "universal agency" in a sentence
  1. The principal hired a universal agency to handle all their business matters.
  2. The power of a universal agency extends to all legal matters, making it convenient for busy individuals.
  3. A proper contract between parties authorizes the establishment of a universal agency.

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