Ramon Joseph Diano BSA 4-C Law 4 TTh 7:30-8:30pm

 Agency may be extinguished by accomplishment of the object or purpose

of agency

1. By agreement

a. On the basis that an agency relationship is created by agreement between the

principal and the agent, such a relationship can also be brought to an end by mutual
agreement between the parties, either in writing or orally.

b. Termination by agreement may also occur if the agency relationship is terminated

pursuant to the provisions of the agency agreement itself. The following situations
may arise in this context:

i. If the agreement provides for the appointment of the agent for a specified
period of time, the agency will come to an end automatically when that period of
time expires.

ii. If the agreement provides for the agency to terminate upon the occurrence of a
specified event, the agency will come to an end upon the happening of the
specified event.

2. By act of the parties

An agency may be terminated by the acts of either the principal or the agent, as illustrated
below:

a. Performance by the agent

If an agent is appointed to accomplish a particular task or for a specific purpose, when

the task is accomplished by the agent or the specific purpose is attained, the agency will
terminate.