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Agency Law - US. 1  Agency Law - Wikipedia The law of agency is an area of commercial law dealing with a contractual or quasi-contractual, or non-contractual set of relationships when an agent is authorized to act on behalf of another (called the Principal) to create a legal relationship with a Third Party.
In general, the alter-. ation has resulted in a transfer of interpretive authority away from. the courts and in favor administrative agencies. In the jargon of ad-. ministrative law, courts are now required to give more deference to. agency interpretations. Under the Supreme Court's administrative. law jurisprudence, there are now four different strands of deference. The courts are required to employ one of these four standards de-. pending on the type of interpretation the agency invol<es.