A proxy agreement is designed to allow an individual to act on behalf of another individual or company in a legal matter. This type of agreement is commonly used in a corporate stock voting session. The document gives the written authority for the proxy to serve in the individual's interests and contains the terms of agreement.
The document will specify the parties that are part of the agreement, plus the rights and responsibilities the proxy is able to undertake on behalf of the individual. The agreement may contain certain covenants of the agreement, and the terms under which the proxy is appointed.
The proxy agreement will specify a beginning date and end date of the proxy appointment. The individual or company the proxy is acting on behalf of will specify certain rights and responsibilities of the proxy, as well as a right to information. Agreements will include exemptions and indemnification clauses to protect the parties. Further information in a proxy agreement might include liabilities, representations and warranties.