The Indian Contract Act

Termination of agency

Termination of agency, where agent has an interest in subject-matter

When principal may revoke agent's authority

Revocation where authority has been partly exercised

Compensation for revocation by principal, or renunciation by agent

Notice of revocation or renunciation

Revocation and renunciation may be expressed or implied

When termination of agent's authority takes effect as to agent, and as to third persons

Agent's duty on termination of agency by principal's death or insanity

Termination of sub-agent's authority


Revocation of authority


Where there is an
express or implied contract that the agency should be continued for any period of time, the principal must
make compensation to the agent, or the agent to the principal, as the case may be, for any previous
revocation or renunciation of the agency without sufficient cause.

LAWGIST

# 205 Compensation for revocation by principal, or renunciation by agent