Agency Agreement
1. Under an agency agreement, one party (the agent) is obliged, for remuneration, to perform legal and other actions on behalf of the other party (the principal), either in their own name but at the expense of the principal or in the name and at the expense of the principal.
In a transaction concluded by the agent with a third party in their own name and at the expense of the principal, the agent acquires rights and becomes liable, even if the principal was named in the transaction or entered into direct relations with the third party regarding performance of the transaction.
In a transaction concluded by the agent with a third party on behalf of and at the expense of the principal, rights and obligations arise directly with the principal.
Source: "Civil Code of the Russian Federation (Part Two)" dated 26.01.1996 No. 14-FZ (as amended on 30.11.2011) (with amendments and additions coming into force from 01.01.2012)