Discuss the various ways by which a contract of agency can be
terminated.
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The contract of an agency can be terminated through mutual consent of both the parties or through process of law
Explanation:
- The contract agency can be terminated at any time through a Mutual agreement. Both the parties should be mutually agreeable to the termination of the contract
- The other way of terminating the contract of the agency is through cancellation of the contract by the principal. The principal can give a notice anytime to the agency regarding cancellation of the contract. The contract can be terminated by the principal by resigning or withdrawing from the job
- The contract of an agency can also be terminated through the process of law. There could be death of the agent, expiry of the time period, completion of the contract, or may be destruction of the subject for which the contract is signed.
To know more about contract of agency
Explain the essential features of contract of agency
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