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What is required of the principal once an agency agreement has been discharged?

April 26, 2017agency Agreement discharged Principal

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What is required of the principal once an agency agreement has been discharged?

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Notice to Third Parties by the Principal – a principal must give public notice of the termination of an agency. In addition, the principal must notify all of the customers that delt with the terminated agent. A principal can be held liable for the future acts of an agent if they do not give public third party notice.