Termination of Agency
Ending the Agency Relationship
Agency relationships do not last forever. They may end by agreement, completion of the assigned task, expiration of time, revocation, resignation, death, incapacity, or operation of law.
- Mutual agreement.
- Completion of the agency purpose.
- Expiration of the agreed period.
- Principal revokes authority.
- Agent resigns.
- Death or legal incapacity of a party in many situations.
Tip
Third parties may need notice of termination to avoid reliance on apparent authority.
Summary
Proper termination helps prevent unintended legal obligations after the agency relationship ends.
