In Maryland, what procedures should be followed if a principal wishes to revoke an agency?

In Maryland, if a principal wishes to revoke an agency, the correct procedure involves notifying the agent and possibly third parties in writing. This is important because effective communication is crucial in agency relationships, especially to prevent misunderstandings and ensure that all parties are aware of the revocation.

Written notification serves as a formal record that the agent's authority has been terminated, and it provides clarity and protection for both the principal and the agent. Additionally, informing third parties can help mitigate any potential liability issues that may arise if third parties continue to interact with the agent under the assumption that their authority has not been revoked.

While the principal does have the right to revoke the agency at any time, doing so without proper notification could lead to complications, especially if the agent has already made commitments or contracts that may bind the principal. Therefore, following the procedure of written notification helps maintain transparency and uphold the legal responsibilities inherent in the agency relationship.