Indian Contract Act Section 206 — Notice of revocation or renunciation

CHAPTER X AGENCY — Revocation of Authority

Commercial / Corporate

Summary

A reasonable notice must be given when revoking an agency or renouncing it, otherwise the party who fails to give such notice must compensate the other party for any damage caused by that failure.

Official Text

Reasonable notice must be given of such revocation or renunciation, otherwise the damage thereby resulting to the principal or the agent, as the case may be, must be made good to the one by the other.