Restatement of Agency

The Restatement of Agency is a legal document that clarifies and organizes the rules and principles governing agency relationships, where one person (the agent) acts on behalf of another (the principal). It outlines the rights, duties, and liabilities of both parties, helping to define how agents should behave and what they are authorized to do. This guidance helps ensure that agents act in the best interests of their principals and provides a framework for resolving disputes when issues arise in these relationships.