In such a case, if the instrument specifies in plain and unambiguous terms that an agency will terminate without action on the part of the principal or agent upon the expiration of the time specified in the instrument, the agency will in fact, terminate. The timeframe for termination of an agency can be stipulated by a particular statute or instrument. The agent’s duty to act on behalf of the principal comes to an end on the termination of agency. “An agency, when shown to have existed, will be presumed to have continued, in the absence of anything to show its termination, unless such a length of time has elapsed as destroys the presumption”. The relation of principal and agent can only be terminated by the act or agreement of the parties to the agency or by operation of law.
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