How is Master Agent defined in a legal contract?
- Master Agent means a legal entity which contracts with a principal for the purpose of recruiting and managing other agents. These secondary agents provide banking, electronic money services or payment services to customers on behalf of the principal.
Seen in 2 SEC filings - Master Agent means a business entity that establishes distribution channels between businesses and consumers with wholesale providers of prepaid monthly cellular service plans, also known as Mobile Virtual Network Operators.
Seen in 2 SEC filings - Master Agent means the entity designated to manage certain aspects of dealer relationships.
Seen in 2 SEC filings - Master Agent means a person who both represents a principal and also contracts agents as sub-agents to act on behalf of the principal.
Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of master agent’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Master Agent means an entity designated to develop distribution channels, manage related aspects, and contracts sub-agents under a principal.
Relevant Contract Types
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.
Relevant Sectors
Genie Definition 2
- Master Agent means a business entity establishing distribution routes with wholesale providers, well-known as Mobile Virtual Network Operators.
Relevant Contract Types
Relevant Circumstances
- When an MVNO is looking to facilitate its services to end users.
- During the establishment of distribution networks for prepaid mobile service plans.
Relevant Sectors
Master Agent means an entity designated to develop distribution channels, manage related aspects, and contracts sub-agents under a principal.
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