Section 205
Compensation for revocation by principal, or renunciation by agent
Chapter 11: Agency
Where there is an express or implied contract that the agency should be continued for any period of time, the principal must make compensation to the agent, or the agent to the principal, as the case may be, for any previous revocation or renunciation of the agency without sufficient cause.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 202Termination of agency, where agent has an interest in subject-matter
- 203When principal may revoke agent‟s authority
- 204Revocation where authority has been partly exercised
- 206Notice of revocation or renunciation
- 207Revocation and renunciation may be expressed or implied
- 208When termination of agent‟s authority takes effect as to agent, and as to third persons