A Nominee Agreement is an arrangement between two parties where one person consents to acting on behalf of the other. A nominee is used when you want to increase your privacy, decrease your visibility, or have someone do something that you cannot do.
The purpose of this document is to be sure a nominee remains just that, a nominee. It is very much in the owner’s interest to do this document even with the best of friends who, on occasion, can become just the opposite.
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