Understanding the End of Principal-Agent Dynamics

The video tutorial explains how agency relationships can be terminated. It covers termination by mutual agreement, default rules in the absence of an express agreement, and the concept of an agency relationship coupled with an interest. It also discusses how parties can renounce the agency relationship, the natural termination of agency when its purpose is fulfilled, and the impact of death, incapacity, or bankruptcy on the agency relationship.

How can the duties of the parties affect the termination of the agency relationship?

What is the significance of the purpose of the agency in relation to its termination?