What's the definition of an Agent of a Partnership?
There's no definition as such - the agent is the person/company appointed by the partners to have the role of agent under the agreement. The agent, once appointed, then has a number of powers and responsibilities under the agreement (all of clause 4 is dedicated to the relationship between the partners and the agent (2-and-a-half pages), plus there are other references in the agreement). Basically, the agent can run the partnership business as if it were the sole owner, but it answers to the partners.
Refer to our online guide for more details: