A principal may not revoke an agency contract if the agent has an interest in the subject matter of the agency in addition to the remuneration that he or she receives for services.Such a contract is called an irrevocable agency,which is also known as:

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An irrevocable agency is also known as an "agency coupled with an interest," which means that the agent has a personal interest in the subject matter of the agency beyond just receiving compensation for services. This type of agency cannot be unilaterally revoked by the principal. The other options, such as collection agencies, agency by ratification, and apparent authority, do not apply to this scenario.

A Principal May Not Revoke an Agency Contract If the Agent