agency by estoppel的意思|示意

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Agency by estoppel is a legal concept used in company law. It is also known as estoppel by representation. It is a doctrine that stops a person or company from denying or reversing a representation or an act that induced another person or company to take a certain action.

For example, a company owner has an employee, John, who signs a contract on the company's behalf. John is the agent of the company owner, but he may not have the authority to bind the company to the contract. If the company owner stated or implied that John had the authority to act on behalf of the company, and the other party relied on that representation, the company owner can be prevented from denying that John had the authority to act as it's agent - this is known as agency by estoppel.

In other words, agency by estoppel allows someone to be legally bound by a representation, even if that representation is false. It is important to note that this doctrine does not give a party the right to make a contract; instead, it establishes that a person or company may not deny the agreement of another party.

When a company or an individual is held to be responsible for a representation, or an action, that has generated liability or some other type of obligation, this doctrine is said to have been used to “estop” that individual or company from denying or reversing the action or representation.

In conclusion, agency by estoppel is a legal concept used to protect parties who have relied on false representations and have then taken actions, such as entering into a contract, which could have harmed them. It is a useful concept to have, as it prevents people and companies from denying the authority of another person if they have, through their own misrepresentations, caused someone to act on their behalf.