irrevocable authority

certain types of agency agreement are held to be irrevocable:

(1) authority coupled with an interest, where the underlying purpose of the agency agreement is to protect some interest of the agent;
(2) executed authority, where the agent has commenced performance of his agency and has incurred liabilities in connection therewith for which his principal must indemnify him;
(3) statutory authority, where there are certain statutory provisions designed to protect third parties against the effects of revocation of an agent's authority.

单词	irrevocable authority
释义	irrevocable authority irrevocable authority certain types of agency agreement are held to be irrevocable: (1) authority coupled with an interest, where the underlying purpose of the agency agreement is to protect some interest of the agent; (2) executed authority, where the agent has commenced performance of his agency and has incurred liabilities in connection therewith for which his principal must indemnify him; (3) statutory authority, where there are certain statutory provisions designed to protect third parties against the effects of revocation of an agent's authority.
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