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In Business Law, an 'agent' is a person who is authorized to act on behalf of another person, known as the 'principal', to create legal relations with third parties. The agent’s actions, when done within the scope of authority, bind the principal as if the principal had performed them personally. The principal is the person who appoints the agent and authorizes them to perform acts on their behalf. The relationship between principal and agent is known as the agency relationship, ________ ______ ________ _____ ______.
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