Document background
The Termination of Agency Agreement is essential when parties wish to formally end their agency relationship under English and Welsh law. It provides clarity and protection for both principal and agent, ensuring a clean break while addressing crucial elements such as final payments, property return, and ongoing obligations. This document is particularly important for compliance with the Commercial Agents Regulations 1993, especially regarding compensation rights. It should be used whenever an agency relationship is being terminated, whether by mutual consent or unilateral decision, to prevent future disputes and ensure all parties understand their rights and obligations post-termination.
