Hriday Shah, B.B.A. L.L.B. (Hons.), NMIMS, School of Law (Deemed to be University)
ABSTRACT
The purpose of this Research Paper is to analyse the valid modes of termination of an Agencycontract. There are various ways in which an agency can be terminated and they are divided into two main sections which are by act of parties and through law. The objectives of this research paper included analysing the valid modes of termination of an Agency contract, to determine the effects of such termination and also shed light on times when an Agency contractcannot be terminated. The limitations of this study were the usage of secondary data which might be untrue in some cases causing decrease in accuracy. No primary data was used in thisresearch. From the research done, we find out that there are two modes through which we can terminate agencies and they are namely by operation of law or by act of parties. Post- termination, third parties must be informed and compensation must be given according to the nature. Termination isn’t allowed which is when the Agent has interest in the subject matter and when the Agency has only been partially exercised.
Keywords: Agency Contract, Termination of Agency, Valid Modes of Termiantion
