An express authority agreement is a legal document that specifies the extent of authority granted to an individual or entity. In simpler terms, it is an agreement that outlines what someone can and cannot do on behalf of another party. This type of agreement is commonly used in business arrangements, such as when a company hires an agent to represent them in a particular transaction.

Here are some things that are true about an express authority agreement:

1. It must be in writing: In most cases, an express authority agreement must be in writing to be valid. This is because verbal agreements can be difficult to prove in court, and there may be misunderstandings or conflicting interpretations of what was agreed upon.

2. It is limited in scope: An express authority agreement outlines what specific tasks or actions the agent is authorized to perform on behalf of the principal. This means that the agent cannot act outside the scope of the agreement, and the principal is not responsible for any actions or decisions made by the agent beyond what was authorized.

3. It can be revoked: The principal has the right to revoke an express authority agreement at any time, as long as there is no breach of contract or other legal consequences. This can be done by notifying the agent in writing or by simply withdrawing the authority granted in the agreement.

4. It is legally binding: Once an express authority agreement is signed by both parties, it becomes a legally binding contract. Both the principal and the agent are bound by the terms of the agreement, and any breach of the contract can result in legal action.

5. It can be tailored to specific needs: An express authority agreement can be customized to fit the specific needs of the principal and the agent. This means that the agreement can include specific instructions or limitations based on the nature of the transaction or business relationship.

In conclusion, an express authority agreement is an important legal document that outlines the specific authority granted to an agent by a principal. It is a binding contract that can be written to fit the specific needs of both parties, and it is limited in scope to the tasks or actions authorized in the agreement. As a professional, it`s important to ensure that any content related to legal matters is accurate and well-researched.