An agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through one’s actions.
For further information, see Agency Law.
See: agent for service of process
[Last reviewed in March of 2022 by the Wex Definitions Team]
An agent for service of process is the person designated by a business entity, such as a corporation or limited liability company (LLC), to receive legal documents and lawsuits on behalf of the business entity within
An agreement is a manifestation of mutual assent by two or more persons to one another. It is a meeting of the minds with a common intention made through offer and acceptance. An agreement can be shown from words, conduct and in some cases, even silence.
As established in UCC §9 102-5, an agricultural lien is a lien placed on farm products like farm equipment or livestock that secures payment or performance in exchange for a loan of land, goods, or money.
Agriculture refers to the acts of farming and raising livestock. Activities that fall within agriculture include soil preparation, seed planting, crop harvesting, gardening, viticulture (growing grapes), apiculture (bee-raising), dairying, poultry, and ranching. Generally, laws grouped under the heading "agricultural law" relate to these activities as they are carried out in a commercial setting.
AI washing occurs when companies claim to be using artificial intelligence (AI) technology to enhance their services but, in fact, are not.
Alcohol is a set of chemical compounds consumed as a liquid by individuals for its intoxicating effect or used in industrial projects for its other unique properties.
Absent any specific regulation, alcohol is treated like all other forms of personal property. However, the general rights of property are subject to the police power regulations of the state, local, and federal governments.
