An agency contract is similar to other contracts in that it can be terminated by an act of the parties.

Name: An agency contract is similar to other contracts in that it can be terminated by an act of the parties.
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An agency contract can be terminated by the mutual agreement of the parties, or by one party giving notice to the other party. However, there may be certain conditions or clauses in the contract that govern the termination and may limit the rights of the parties to terminate the contract.

An Agency Contract Is Similar to Other Contracts in That