Establishing and Revoking Agencies – DAG Law Firm and Legal Consultations
An agency is a fundamental legal tool in both commercial and personal affairs, allowing an individual (the principal) to delegate another person (the agent) to perform specific legal actions on their behalf, according to defined regulations. Revoking an agency is a legal procedure that terminates the powers granted to the agent, either by mutual agreement or at the principal’s discretion.
At DAG Law Firm and Legal Consultations in Saudi Arabia, we offer services for establishing and revoking agencies by Saudi regulations, ensuring precise legal drafting that safeguards the rights of both the principal and the agent.
What is an Agency?
An agency is a contract through which a person (the principal) authorizes another person (the agent) to perform specific legal actions on their behalf, whether in commercial, real estate, financial, or administrative matters.
Common Types of Agencies in Saudi Arabia:
-
General Agency: Grants the agent broad powers to act on behalf of the principal in financial or administrative matters.
-
Special Agency: Grants specific powers, such as selling a particular property or representing the principal before governmental entities.
-
Sharia Agency: Used for personal status matters like marriage, divorce, and family issues.
-
Attorney Agency: Empowers a lawyer to plead and defend before courts.
-
Commercial Agency: Authorizes the agent to manage the principal’s business or represent them commercially.
Procedures for Establishing an Agency in Saudi Arabia:
-
Determine the Type of Agency: Clearly define the scope of powers granted to the agent to ensure clarity of tasks and responsibilities.
-
Legal Drafting of the Agency: Our lawyers draft the agency contract in accordance with the latest Saudi regulations, ensuring all essential clauses are included to protect the rights of both parties.
-
Authentication of the Agency: After drafting, the agency is authenticated through:
-
Notary Public: Where the agency is officially documented to ensure its legal validity.
-
Najiz Platform: Agencies can be issued electronically through the Saudi Ministry of Justice.
-
Saudi Embassies and Consulates: To authenticate agencies issued by citizens and residents abroad.
-
-
Execution of the Agency: Once authenticated, the agent can commence actions as authorized by the agency.
Methods of Revoking an Agency in Saudi Arabia:
An agency can be terminated in several ways according to Saudi regulations:
-
Completion of Its Purpose: If the agency is tied to a specific task, it ends upon the task’s completion.
-
Expiration of the Agency’s Term: If time-bound, the agency automatically terminates after the specified period.
-
Revocation by the Principal: The principal has the right to terminate the agency at their discretion unless there is an agreement preventing this.
-
Resignation of the Agent: The agent can relinquish the agency by formally notifying the principal.
-
Death of Either Party: In most cases, the agency automatically ends upon the death of either the principal or the agent.
Procedures for Revoking an Agency in Saudi Arabia:
-
Submitting a Revocation Request: A formal request is submitted through the Notary Public or the Najiz Platform to cancel the agency.
-
Notifying the Agent: The agent must be officially informed of the revocation to ensure they do not act on behalf of the principal thereafter.
-
Informing Relevant Entities: In some cases, it may be necessary to notify governmental or financial institutions of the revocation to prevent any unwanted future actions.
-
Issuing an Agency Revocation Certificate: After completing the procedures, the Ministry of Justice issues an official certificate confirming the agency’s revocation, which the principal can retain as proof.
Services Offered by DAG Law Firm in Establishing and Revoking Agencies:
- Drafting agency contracts in accordance with the latest Saudi regulations.
- Providing legal consultations on the most suitable types of agencies for each case.
- Authenticating agencies at the Notary Public or through the Najiz Platform.
- Handling agency revocation procedures and following up on their official cancellation.
- Notifying official entities of the agency’s revocation to prevent any unauthorized use.
Why Choose DAG Law Firm and Legal Consultations?
- Extensive legal expertise in handling contracts and agencies in accordance with Saudi regulations.
- Meticulous follow-up on legal procedures to ensure the correct establishment or termination of agencies.
- Specialized legal consultations to protect clients’ rights and avoid future disputes.
- Coordination with governmental entities to issue or revoke agencies smoothly and promptly.
Need to Establish or Revoke an Agency?
Contact DAG Law Firm and Legal Consultations today to ensure your legal procedures are executed with the highest standards of accuracy and professionalism in Saudi Arabia!