{"@context":"https://schema.org","@type":"DefinedTerm","name":"Agency Relationship","description":"An agency relationship is a legal arrangement in which one party – the agent – is authorized to act on behalf of another – the principal – with binding effect on that principal in dealings with third parties. In freight and customs practice, this arises when a freight forwarder or customs broker signs transport documents, files declarations, or negotiates freight terms on behalf of a shipper or consignee. The defining feature is external representation: the agent's actions legally commit the pri","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/agency-relationship","inLanguage":"en","dateModified":"2026-06-23T14:03:34.662549","citation":"https://en.wikipedia.org/wiki/Agency_(law)","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/agency-relationship","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Agency Relationship · An agency relationship is a legal arrangement in which one party – the agent – is authorized to act on behalf of another – the principal – with binding effect on that principal in dealings with third parties. · Quelle: https://en.wikipedia.org/wiki/Agency_(law)"}