1. By agreement
a. On the basis that an agency relationship is created by agreement between the principal and the agent, such a relationship can also be brought to an end by mutual agreement between the parties, either in writing or orally.
b. Termination by agreement may also occur if the agency relationship is terminated pursuant to the provisions of the agency agreement itself. The following situations may arise in this context:
i. If the agreement provides for the appointment of the agent for a specified period of time, the agency will come to an end automatically when that period of time expires.
ii. If the agreement provides for the agency to terminate upon the occurrence of a specified event, the agency will come to an end upon the happening of the specified event.