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 agency coupled with an interest. In this type of agency, the agent has an interest in the subject matter for which he or she is acting as an agent, in addition to the remuneration received for services. The interest may be something like a security interest, lien, or an ownership interest in the property. This type of agency cannot be revoked by the principal without the agent's consent.

A Principal May Not Revoke an Agency Contract If the Agent