LawgistThe Indian Contract Act
205Compensation for revocation by principal, or renunciation by agent
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.
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Revocation of authority
- 201 Termination of agency
- 202 Termination of agency, where agent has an interest in subject-matter
- 203 When principal may revoke agent's authority
- 204 Revocation where authority has been partly exercised
- 205 Compensation for revocation by principal, or renunciation by agent
- 206 Notice of revocation or renunciation
- 207 Revocation and renunciation may be expressed or implied
- 208 When termination of agent's authority takes effect as to agent, and as to third persons
- 209 Agent's duty on termination of agency by principal's death or insanity
- 210 Termination of sub-agent's authority
