Agency Law – Episode 5: Notice of Termination of Agency

In this episode, Professor Seth C. Oranburg delves into the critical process of notifying third parties when an agency relationship ends. He explains that while an agent’s actual authority ceases upon termination, apparent authority may persist until third parties are properly informed. Professor Oranburg outlines the legal distinctions between direct and constructive notice, emphasizing the practical steps principals must take—such as sending personal notifications or updating public information—to avoid unintended liabilities. Real-world examples illustrate how failing to notify can leave a principal exposed to claims for unauthorized actions. Tune in to learn why timely and effective communication is essential for mitigating risk and maintaining trust in business relationships, setting the stage for our next lecture on the doctrines of estoppel and ratification.

• Likes
• Download31
• Share