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The term 'free agent' refers to someone who is not employed or contracted to a specific business or firm, but works for whomever they choose on a short term basis. It also refers to professional athletes who are not under contract with a specific sports team and can choose to sign with any other. This is contrasted with a regular agent who must sign a contract with a specific organization and not deal with any competitors.

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Q: What is the difference between a free agent and a regular agent?
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