Define: Master Agent
Master Agent means an entity designated to develop distribution channels, manage related aspects, and contracts sub-agents under a principal.
Master Agent means an entity designated to develop distribution channels, manage related aspects, and contracts sub-agents under a principal.
Relevant Circumstances
- When a business wants to expand its distribution networks.
- When a company chooses to delegate part of its management roles to a third party.
- For structuring a chain of representation from a principal agent to sub-agents.