The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under his or her control and on his or her behalf. The agent is, thus, required to negotiate on behalf of the principal or bring him or her and third parties into contractual relationship. This branch of law separates and regulates the relationships between:
agents and principals (internal relationship), known as the principal-agent relationship;
agents and the third parties with whom they deal on their principals' behalf (external relationship); and
principals and the third parties when the agents deal.
In 1986, the European Communities enacted Directive 86/653/EEC on self-employed commercial agents. In the UK, this was implemented into national law in the Commercial Agents Regulations 1993.
Service provision is often an economic activity where the buyer does not generally, except by exclusive contract, obtain exclusive ownership of the thing purchased. The benefits of such a service, if priced, are held to be self-evident in the buyer's willingness to pay for it. Public services are those, that society (nation state, fiscal union, regional) as a whole pays for, through taxes and other means.
By composing and orchestrating the appropriate level of resources, skill, ingenuity, and experience for effecting specific benefits for service consumers, service providers participate in an economy without the restrictions of carrying inventory (stock) or the need to concern themselves with bulky raw materials. On the other hand, their investment in expertise does require consistent service marketing and upgrading in the face of competition.
Business services are a recognisable subset of Economic services, and share their characteristics. The essential difference is that Business are concerned about the building of Service Systems in order to deliver value to their customers and to act in the roles of Service Provider and Service Consumer.
The generic clear-cut, complete, concise and consistent definition of the service term reads as follows:
A service is a set of one time consumable and perishable benefits
delivered from the accountable service provider, mostly in close coaction with his internal and external service suppliers,
effectuated by distinct functions of technical systems and by distinct activities of individuals, respectively,
commissioned according to the needs of his service consumers by the service customer from the accountable service provider,
rendered individually to an authorized service consumer at his/her dedicated trigger,
and, finally, consumed and utilized by the triggering service consumer for executing his/her upcoming business activity or private activity.
We are one of the few shipping agents specialized in providing a full range of general shippingagencyservices in China and the only shippingagency company listed on a major stock exchange in the U.S ... Our plan is to develop a shippingagency network in China and South East Asia......
... digital shipping platform ... We believe blockchain can play an integral role in digitizing and reinventing shipping for agencies like the CanadaBorderServicesAgency, who are responsible for moving nearly 500,000 commercial transactions safely across Canadian borders daily....
The CanadaBorderServicesAgency (CBSA) has become the latest entity to trial a blockchain shipping solution developed by IBM and Maersk, a press release confirmed Thursday, Oct ... The CBSA has also partnered with the MontrealPort Authority to use TradeLens for shipping and handling....
The failure of the Governor to put forward a balanced budget or to pass a budget at all has resulted in deficits, unpaid bills, vendors and social serviceagencies closing their doors and a myriad of other negative consequences. Righting our fiscal ship and providing stability and predictability from state government is my top priority....
“As a global shipagency, GAC has a growing base of customers and prospects utilising the Panama Canal, so it was imperative to set up our own office here ... The Panama office will provide a suite of services including traditional shipagency, specialised husbandry, ship spares delivery, crew matters and repairs....
As these ships enter service, the Canadian public needs to take ownership of the fact that our new Arctic ships are not designed to go to war. They are all sight and no fight, and do not have the capability to defend themselves against most air, surface or subsurface threats....