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Agency Minority Business Enterprise (BE) Projected Expenditure Plan Fiscal Year 2017 Section I. Agency Information Agency: Director/Executive First Name: Director/Executive Last Name: Director/Executive
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What is agency?
Agency is a legal relationship where one party, known as the principal, gives another party, known as the agent, the authority to act on their behalf.
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Any individual or entity who has been appointed as an agent and has been given authority to act on behalf of a principal may be required to file an agency form.
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To fill out an agency form, the appointed agent must provide information about themselves, the principal they are representing, and the scope of their authority.
What is the purpose of agency?
The purpose of agency is to allow one party to authorize another party to act on their behalf in legal and business matters.
What information must be reported on agency?
The information reported on agency forms typically includes details about the agent, the principal, the scope of authority, and any relevant terms and conditions.
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