Washington, DC asked in Business Law for Maryland

Q: Clarifcation requested -Rhode Island Law of Agency. A Dual/Joint Agency relationship Contract IS a Power of Attorney?!

Related Topics:
1 Lawyer Answer
Mark Oakley
Mark Oakley
  • Rockville, MD
  • Licensed in Maryland

A: First, you are asking about Rhode Island law, and this is a Maryland legal forum you have selected. You need to repost your question and select Rhode Island as the geographic legal area in order to obtain legal advice from lawyers licensed and knowledgeable about Rhode Island law specifically. Generally, however, a POA is a type of legal instrument that appoints an agent to act for a principal on matters specified in the POA, which can be general or specific, both as to the subjects on which the agent may act and the duration of time the appointment remains in effect. A joint agency agreement is more likely to arise in a business context, or joint venture, where two or more principals make an agreement to engage in some activity for profit, and grant to each other independent authority to act for and bind their joint business venture and themselves personally on matters relating to that venture or business activity. It is impossible to be any more specific without reading the exact terms of the instrument or agreement creating the agency relationship, and you should be very careful to draft such a document and have it reviewed by counsel before you sign it so as to fully understand what authority you are granting to the other agent and the limits of their authority to enter into binding contracts and incur liabilities and commitments that you become personally liable to honor and complete, as well as their authority and purposes for which they may withdraw and expend funds of the joint venture or business.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.