Are there Penalties for Wrongful Termination of an Agency Relationship?
Laws that govern agency relationships are based on both contract and employment law. If an agency is wrongfully terminated, one party can sue the other for: • Breach of contact Many agency relationships are created by a contract. Wrongfully terminating the agency relationship is a breach of the contract. • Employment law An agent is basically an employee of the principal. A wrongfully terminated agent can bring a wrongful termination claim against the principal. Should I Get an Attorney? Termination of an agency relationship can be quite complex. Since both contract and employment law are involved in agency law, an experienced attorney can advise you on the best way to terminate an agency relationship to avoid any pitfalls. Consult a Lawyer – Present Your Case Now!