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One Time Agency Agreement for the United States

One Time Agency Agreement Template for United States

A One Time Agency Agreement is a legal document used in the United States that establishes a temporary principal-agent relationship for a specific purpose or transaction. This agreement defines the scope, duration, and terms of the agent's authority to act on behalf of the principal for a single task or limited time period. It includes essential elements such as compensation, responsibilities, and termination conditions, while ensuring compliance with both federal and state-specific agency laws.

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One Time Agency Agreement

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What is a One Time Agency Agreement?

The One Time Agency Agreement is designed for situations where a principal needs to authorize an agent to perform a specific task or represent them in a particular transaction. This document is commonly used across various industries in the United States when temporary representation is required. It provides a clear framework for the scope of authority, duration, compensation, and obligations of both parties. The agreement ensures compliance with relevant state and federal agency laws while protecting both parties' interests. Unlike ongoing agency relationships, this agreement is specifically structured for a single transaction or limited time period.

What sections should be included in a One Time Agency Agreement?

1. Parties: Identification of principal and agent with full legal names and addresses

2. Background: Context and purpose of the agency relationship

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Explicit appointment of agent and detailed scope of authority

5. Duration: Specific timeframe or event for which the agency is valid

6. Compensation: Payment terms and conditions

7. Termination: Conditions and process for ending the agency relationship

What sections are optional to include in a One Time Agency Agreement?

1. Sub-agency Rights: Rights and conditions for appointing sub-agents when delegation of tasks may be necessary

2. Intellectual Property: IP rights and obligations when agency involves creation or use of intellectual property

3. Non-compete: Restrictions on competitive activities when protecting business interests is crucial

4. Insurance Requirements: Required insurance coverage specifications when agent's activities carry significant risks

What schedules should be included in a One Time Agency Agreement?

1. Schedule of Services: Detailed description of services to be performed by the agent

2. Fee Schedule: Detailed breakdown of fees and payment terms

3. Power of Attorney: Documentation of specific legal powers being granted to the agent

4. Required Licenses: Copies of relevant licenses and certifications required for the agency

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Document Type

Agency Agreement

Cost

Free to use
Clauses





















Industries

State Agency Laws: State-specific legislation governing agency relationships, including formation requirements, scope of authority, and termination provisions. Each state has its own unique requirements that must be considered.

Contract Law Framework: Uniform Commercial Code (UCC) for sale of goods, state-specific contract laws regarding formation, consideration, enforcement, and Statute of Frauds requirements for certain types of agreements.

Federal Regulatory Framework: Federal laws including Fair Labor Standards Act (employment considerations), Internal Revenue Code (tax implications), and federal antitrust laws where applicable.

Industry-Specific Regulations: Sector-specific regulations such as securities laws for financial instruments, real estate laws for property transactions, and insurance regulations for insurance-related agency relationships.

Professional Licensing Requirements: State-specific licensing and professional certification requirements for specific types of agency relationships and professional services.

Fiduciary Duty Laws: Laws governing fiduciary responsibilities, including duty of loyalty and care requirements that agents must observe in their relationship with principals.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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