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The principal has the right to renounce any contract made with the agent when the latter violates the terms of the agency agreement or his or her agency obligations under a contract.
Does an agent still owe her principle money even after the agency relationship has ended?
An agency formed under a power of attorney or for a specific purpose is frequently dissolved once the purpose for which it was created has been fulfilled. After the agency relationship has ended, the agent is freed from any fiduciary duties to the principal that may have resulted from it.
What is the phrase used to describe the situation where the principal terminates the agency relationship?
The law allows for the explicit, implausible, or automatic termination of agencies. By the provisions of the contract, by mutual consent, by revocation by the principal, or by repudiation by the agent, an agency is expressly dissolved.
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