Agency law is a legal framework that governs relationships where one party, known as the agent, acts on behalf of another, the principal. It delineates the rights, duties, and responsibilities of both parties, ensuring that the agent operates within the defined scope of authority granted by the principal. Essential elements include mutual consent, the principal's control over the agent's actions, and the agent's fiduciary duty to act in the principal's best interest. Agency law is pervasive in various spheres, from business transactions to legal representation, shaping how individuals and entities collaborate under established legal principles.

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