A Texas Notice of Termination of Agency from Principal to the Public or a Specific Person is a formal document used to notify individuals or the public about the termination of an agency relationship. This notice is typically issued by the principal, who wishes to terminate the authority granted to an agent. The purpose of this notice is to inform relevant parties about the termination and to make it legally binding. It protects the principal from any future obligations or liabilities created by the agent acting on their behalf after the termination date stated in the notice. There are two main types of Texas Notice of Termination of Agency: one addressed to the public and the other to a specific person. 1. Texas Notice of Termination of Agency to the Public: This type of notice is utilized when the principal wants to terminate the agency relationship with an agent and wishes to inform the public about it. This could be relevant in situations where the agent's authority affects the public or has broader implications. 2. Texas Notice of Termination of Agency to a Specific Person: This notice is used when the principal intends to specifically terminate the agency relationship with a particular individual or a group of individuals. It may be necessary in cases where an agent has been representing the principal in specific matters or transactions and the principal no longer desires their representation. Keywords and phrases: — Texas: This signifies that the notice complies with the laws and regulations of the state of Texas. It ensures that the notice is legally valid and enforceable in a Texas jurisdiction. — Notice of Termination of Agency: This describes the purpose of the document, indicating that the principal intends to terminate the agency relationship. — Principal: Refers to the person or entity who grants authority to an agent to act on their behalf. — Agency: Describes the relationship between the principal and agent, where the agent acts on behalf of and represents the principal's interests. — Termination: Signifies the act of ending or canceling the agency relationship, revoking the agent's authority. Publicic: Refers to the broader community or individuals outside the principal-agent relationship who may be affected by the agent's actions. — Specific Person: Indicates a targeted individual or a group of individuals who are directly involved in the agency relationship with the principal. It is important to consult a legal professional or familiarize oneself with the specific laws and regulations governing the termination of agency relationships in Texas before drafting or using a Notice of Termination of Agency.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.