Section 205 Indian Contract Act 1872
Section 205 of the Indian Contract Act 1872 is about Compensation for revocation by principal, or renunciation by agent. It is under “Revocation of authority” of CHAPTER X of the Act. CHAPTER X is titled AGENCY.
Compensation for revocation by principal, or renunciation by agent
Where there is an express or implied contract that the agency should be continued for any period of time, the principal must make compensation to the agent, or the agent to the principal, as the case may be, for any previous revocation or renunciation of the agency without sufficient cause.
Section 204 Indian Contract Act 1872 (Revocation where authority has been partly exercised)