What does 'agency termination' involve?

Agency termination specifically involves the conclusion of the agent-principal relationship. This concept encapsulates the various scenarios in which the relationship between the agent and the principal can come to an end. These can include mutual agreement, fulfillment of the purpose of the agency, expiration of a term, or even decision by either party, among others.

Understanding that 'agency termination' is fundamentally about the ending of the relationship helps clarify why the other options do not provide an accurate characterization. For instance, option A incorrectly suggests that only the agent has the authority to end the relationship, ignoring circumstances where the principal can also initiate termination. Option C implies that termination happens automatically at the end of a specified period, which may not encompass all forms of agency that can lead to termination. Lastly, option D introduces the idea of needing a formal investigation, which is not a standard requirement for ending the relationship between an agent and a principal.