International Agency Law

International agency law governs the relationships between agents and their principals in cross-border transactions. An agent acts on behalf of a principal in foreign markets, facilitating business deals, contracts, and negotiations. This area of law ensures that agents can operate legally and effectively across different jurisdictions, considering varying legal systems and regulations. Key aspects include the duties of agents to act in the best interest of their principals, the authority they hold, and the legal frameworks that apply in different countries. Understanding these principles helps businesses navigate international trade efficiently and responsibly.