Termination of agency

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Commercial expert
Practice notes

Termination of agency

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Commercial expert

Practice notes
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This Practice Note examines the events and situations that may bring an agency arrangement to an end and the consequences of termination of an agency on the parties involved. This Practice Note does not consider the consequences of termination of a commercial agency, for which see Practice Note: Termination of commercial agency.

Termination of agency

An agency may be terminated by:

  1. •

    agreement of the parties

  2. •

    other act of the parties, or

  3. •

    operation of law

Termination by agreement or act of the parties

An agency may be terminated by the parties on agreement to do so or by either party due to acts by the other amounting to repudiation (see Practice Notes: Termination and expiry of contracts and Repudiation of contract). Written agency agreements should set out any minimum terms and periods of notice applicable, events of breach for which the agreement may be terminated and any specific provisions applicable after notice of termination and termination taking effect. For a precedent that can be adapted as necessary, see Precedents:

  1. •

    Sales and marketing agency agreement for goods—non-exclusive—pro-agent

  2. •

    Sales

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What does Term mean?

The period of time from when a loan is borrowed to its final stated repayment date

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