Under an agency agreement for the sale of goods manufactured by the principal, the principal gives the agent the right to sell its products in a well-defined territory, for a certain period of time, in exchange for a commission fee. The agency can be simple, sole, or exclusive. A sole agency means
Sub-agents, in the shape of private investigators, reporters, and management, played a central role in the catastrophic failure of corporate governance at News International (NI). The parent company, News Corporation (News Corp.), has well-known corporate governance weaknesses—preferential voting By Andrew Tucker
The supplier and distributor enter into a distribution agreement, which is drafted by the supplier, then negotiated and amended by the distributor. Certain distributors can be agents of the supplier, but this is not always the case.
When trades are conducted on a regulated exchange, they are cleared and settled by post-trade infrastructure providers. Central counterparties (CCPs), also known as clearing houses, often reduce risk by acting as the sole buyer to the seller and the sole seller to the buyer, as well as netting By Yves Poullet