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Anirudh Kowlagi
on Nov 21, 2024

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Actual notice of agency termination must be given to third parties who have had business interactions with an agent in order to fully terminate a principal's responsibility.

Actual Notice

Notice of agency termination that is given by directly informing third parties, either orally or in writing.

Agency Termination

The legal ending of an agency relationship, which can occur for various reasons such as the fulfillment of the agency's purpose, mutual agreement, or action by either party.

Third Parties

Individuals or entities not directly involved in a contract or agreement but affected by its outcomes.

  • Acquire knowledge on the inception and conclusion of agency relationships, including the procedures for termination notification.
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Chandel RobertsonNov 22, 2024
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