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13 oktober, 2021
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Undisclosed Agent Agreement

The doctrine of the “undisclosed principal” means that the principal/financier can reveal its existence at any time, but usually after a long breach or omission by the client. The client/financier can then decide to continue the contract, request payment or bring an action for recovery against the customer. The reason for the P&A structure is that it allows a party, usually the equipment supplier, to maintain their personal relationship with the customer, while creating a legal relationship between the customer and the agent`s principal, usually the ultimate financier of the transaction. So the message is that at the beginning of the relationship between the principal and the agent, a P&A must be received so that business can be written underneath in the future. The main concept not mentioned is often related to real estate transactions in which a buyer risks a seller being less inclined to sell land, a risk that a seller demands a higher price or the risk that a seller becomes a holdout if the seller knows or can guess the identity of the buyer or the buyer`s intended purpose for the country, which would give the country a higher value. The purchase of the land needed to build the Walt Disney World Resort in Orange County, Florida, was made with agents working for Walt Disney Productions as the unsused manager. [3] For eighteen months in 1964 and 1965, agents working in secret for Disney lawyers purchased 27,400 hectares of ranches, marshes, bush forests, and the road front in Florida at an average price of just R5.20 per Acre ($5 million in total). The unidentified agency is treated as an undisclosed agency, given that a third party cannot exercise rights against an unidentified person, according to The Frost Express [1996]; although some have argued that this rule should be replaced by the requirement for a representative to disclose the identity of its unnamed contracting entity within a reasonable time after notification of the proceeding. . . .

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