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Agent: Difference between revisions
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''For the wonderful world of {{tag|MiFID}} categorisation, and for a convoluted answer to the question “who’s client”? see [[Client - COBS Provision]]'' | ''For the wonderful world of {{tag|MiFID}} categorisation, and for a convoluted answer to the question “who’s client”? see [[Client - COBS Provision]]'' | ||
A source of far more angst than you would expect amongst the professional classes. An | A source of far more angst than you would expect amongst the professional classes. An agent is one fellow who represents ''another'' fellow. | ||
===Don’t shoot the messenger=== | ===Don’t shoot the messenger=== | ||
When it comes to entering a {{tag|contract}}, an | When it comes to entering a {{tag|contract}}, an agent enters legal relations on behalf of {{sex|his}} {{tag|principal}} and, in general terms, tries not to take on any personal responsibility {{sex|himself}}. The contract remains between the principal and the third party. | ||
But you soon encounter a thicket of confusion from which you may never emerge and which you will almost certainly regret ever entering. What if the agent doesn't tell the third party who the [[principal]] is? What if the agent doesn't even let on that she’s an agent? | But you soon encounter a thicket of confusion from which you may never emerge and which you will almost certainly regret ever entering. What if the agent doesn't tell the third party who the [[principal]] is? What if the agent doesn't even let on that she’s an agent? | ||