👉 In the context of legal and business transactions, a "proxyship" refers to an arrangement in which one person (the principal) has the power to act on behalf of another person (the agent). The principal is typically identified by their name, while the agent's identity can be revealed through their title, such as attorney, partner, or shareholder. This arrangement allows parties involved in a transaction to avoid direct legal obligations but still have control over the decision-making process. For example, in a contract
