Define: Limited Agent
In a contract, a Limited Agent is an individual authorized to act on behalf of every party to a deal at the same time, rather than representing just one side. Their authority is expressly restricted by defined limits set out in the agreement, such as scope of tasks, financial thresholds, or duration, to manage conflicts of interest.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
What Limited Agent Means in a Contract
A Limited Agent is a person or entity given authority to act for multiple, and often all, parties within a single transaction, while operating under clearly stated boundaries. Unlike a typical agent who owes duties to one principal, a Limited Agent's role is structured so that the same individual can facilitate negotiations, coordinate signatures, or manage administrative steps for everyone involved without being treated as biased toward any single side.
The word.
Relevant Circumstances
- Property transactions
- Sales and Purchases
- Deals involving multiple parties