An agency relationship may terminate by lapse of time.

Name: An agency relationship may terminate by lapse of time.
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An agency relationship may terminate by various means, including completion of the task or purpose for which the agency was formed, mutual agreement of the parties, or by operation of law. Termination may also occur by lapse of time, such as the expiration of a fixed term contract between the parties.

An Agency Relationship May Terminate by Lapse of Time